Rambus
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Rambus surges on Infineon plea
Rambus surges on Infineon plea
By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 2:11 PM ET Sept. 16, 2004
SAN FRANCISCO (CBS.MW) - Shares of Rambus rose for the second straight day Thursday on hopes Infineon's admission of price fixing in the memory chip market could force a settlement of civil litigation with Rambus.
Rambus (RMBS: news, chart, profile) shares rose 2.5 percent to $15.70 Thursday afternoon after trading as high as $16.45 earlier Thursday. Shares rose 10 percent Wednesday.
Infineon (IFX: news, chart, profile) agreed Wednesday to admit to price manipulation in the DRAM market between July 1, 1999 and June 15, 2002. Infineon agreed to plead guilty and pay the U.S. government a fine of $160 million. See full story.
Rambus General Counsel John Danforth declined to comment on any settlement talks he may or may not be holding. He did say, however, that Rambus has alleged price manipulation occurred over roughly the same time periods that the Justice Department has investigated.
Rambus launched a lawsuit on May 5 against Infineon, Infineon's former parent Siemens (SI: news, chart, profile), Micron Technology (MU: news, chart, profile), and Hynix Semiconductor alleging that the companies colluded to force it out of business. The suit, still in its early stages, focuses on Rambus' RDRAM technology and seeks more than a billion dollars in damages.
"We prefer to leave it to others to conclude whether or not Infineon's admission means this same cartel was also trying to suppress competition by killing Rambus as we allege they agreed to do," said Danforth.
Dynamic random access memory components provide high-speed storage and retrieval of electronic information in personal computers, servers and other electronic devices.
The Infineon plea is the first in the government's ongoing, two-year old grand jury investigation into the memory chip industry.
Analysts are divided in their assessment of Infineon's plea.
DRAM analyst Sherry Garber with Semico Research said Rambus' issues and the government's issues are unrelated in that Rambus is concerned with specialty DRAM and the government is focused only on the commodity DRAM market.
Micron Technology, a memory chipmaker which has been subpoenaed by the DoJ and is entangled with Rambus in court, has also maintained that the two matters are unrelated.
"This is a great war of words," Garber said. "It's like a political campaign - everyone puts their spin on it."
Analyst Michael Cohen with Pacific American Securities disagreed and said Infineon's guilty plea does give Rambus added ammunition in its collusion case, which in turn could make Infineon more likely to settle with Rambus.
The possibility for a settlement is what's driving Rambus' stock. Its many legal battles, covering technologies stretching back to the early nineties, have overshadowed the company's licensing and royalty business. See recent story about Rambus' court battles.
Cohen expects several more years of legal bickering, but he also said that the company is focused on its core business and that it is capable of winning.
"It will be interesting to see if this new twist of events," Cohen said, "gives enough incentive for parties that are far apart to move a little closer together."
Chris Kraeuter is a reporter for CBS.MarketWatch.com in San Francisco.
By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 2:11 PM ET Sept. 16, 2004
SAN FRANCISCO (CBS.MW) - Shares of Rambus rose for the second straight day Thursday on hopes Infineon's admission of price fixing in the memory chip market could force a settlement of civil litigation with Rambus.
Rambus (RMBS: news, chart, profile) shares rose 2.5 percent to $15.70 Thursday afternoon after trading as high as $16.45 earlier Thursday. Shares rose 10 percent Wednesday.
Infineon (IFX: news, chart, profile) agreed Wednesday to admit to price manipulation in the DRAM market between July 1, 1999 and June 15, 2002. Infineon agreed to plead guilty and pay the U.S. government a fine of $160 million. See full story.
Rambus General Counsel John Danforth declined to comment on any settlement talks he may or may not be holding. He did say, however, that Rambus has alleged price manipulation occurred over roughly the same time periods that the Justice Department has investigated.
Rambus launched a lawsuit on May 5 against Infineon, Infineon's former parent Siemens (SI: news, chart, profile), Micron Technology (MU: news, chart, profile), and Hynix Semiconductor alleging that the companies colluded to force it out of business. The suit, still in its early stages, focuses on Rambus' RDRAM technology and seeks more than a billion dollars in damages.
"We prefer to leave it to others to conclude whether or not Infineon's admission means this same cartel was also trying to suppress competition by killing Rambus as we allege they agreed to do," said Danforth.
Dynamic random access memory components provide high-speed storage and retrieval of electronic information in personal computers, servers and other electronic devices.
The Infineon plea is the first in the government's ongoing, two-year old grand jury investigation into the memory chip industry.
Analysts are divided in their assessment of Infineon's plea.
DRAM analyst Sherry Garber with Semico Research said Rambus' issues and the government's issues are unrelated in that Rambus is concerned with specialty DRAM and the government is focused only on the commodity DRAM market.
Micron Technology, a memory chipmaker which has been subpoenaed by the DoJ and is entangled with Rambus in court, has also maintained that the two matters are unrelated.
"This is a great war of words," Garber said. "It's like a political campaign - everyone puts their spin on it."
Analyst Michael Cohen with Pacific American Securities disagreed and said Infineon's guilty plea does give Rambus added ammunition in its collusion case, which in turn could make Infineon more likely to settle with Rambus.
The possibility for a settlement is what's driving Rambus' stock. Its many legal battles, covering technologies stretching back to the early nineties, have overshadowed the company's licensing and royalty business. See recent story about Rambus' court battles.
Cohen expects several more years of legal bickering, but he also said that the company is focused on its core business and that it is capable of winning.
"It will be interesting to see if this new twist of events," Cohen said, "gives enough incentive for parties that are far apart to move a little closer together."
Chris Kraeuter is a reporter for CBS.MarketWatch.com in San Francisco.
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- Mensagens: 596
- Registado: 11/8/2004 10:39
Impacto multa Infineon sobre a Rambus
SAN FRANCISCO (CBS.MW) -- Infineon Technologies agreed to plead guilty and pay a $160 million fine to settle federal charges that it participated in an international conspiracy to fix prices for computer chips, the Justice Department announced Wednesday.
"This case sends the message that high-tech price-fixing cartels will not be tolerated," said Attorney General John Ashcroft in announcing the settlement, the third-largest antitrust penalty ever.
(...)
Rambus (RMBS) shares shot up $1.43, or more than 10 percent, to $15.32 on the plea. Investors expect that the plea will bring DRAM manufacturers closer to settling patent suits with Rambus, which licenses intellectual property to memory-chip makers.
Rambus has been wrapped up in multiyear legal battles with Infineon, Micron Technology and Hynix regarding the validity of several DRAM patents.
A settlement by any of these companies in the government's DRAM investigation was seen as a possible precursor to their settling with Rambus.
"This case sends the message that high-tech price-fixing cartels will not be tolerated," said Attorney General John Ashcroft in announcing the settlement, the third-largest antitrust penalty ever.
(...)
Rambus (RMBS) shares shot up $1.43, or more than 10 percent, to $15.32 on the plea. Investors expect that the plea will bring DRAM manufacturers closer to settling patent suits with Rambus, which licenses intellectual property to memory-chip makers.
Rambus has been wrapped up in multiyear legal battles with Infineon, Micron Technology and Hynix regarding the validity of several DRAM patents.
A settlement by any of these companies in the government's DRAM investigation was seen as a possible precursor to their settling with Rambus.
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- Mensagens: 596
- Registado: 11/8/2004 10:39
Sem dúvida que se houver suporte, esse estará nos 16 e não nos 17.
Mas agora vir com ideias de entrar numa acção que está com descidas destas realmente será difícil de compreender.
Também do lado fundamental, pois algumas críticas feitas a empresa é que agora parece que pouco produz e parece querer obter o dinheiro para sobreviver através de Lawsuits argumentando que as outras empresas deveriam lhe pagar royalties para poderem fabricar as suas memórias que supostamente tem tecnologia da Rambus.
O facto é que a Rambus foi posta de lado na competição do fábrico de memórias, já deu muito que falar essa história..
Conclusão é que o aspecto técnico desta acção que até costumava acompanhar com muito interesse está cada vez mais fraco, e o fundamental igualmente.
Comprimentos
Mas agora vir com ideias de entrar numa acção que está com descidas destas realmente será difícil de compreender.
Também do lado fundamental, pois algumas críticas feitas a empresa é que agora parece que pouco produz e parece querer obter o dinheiro para sobreviver através de Lawsuits argumentando que as outras empresas deveriam lhe pagar royalties para poderem fabricar as suas memórias que supostamente tem tecnologia da Rambus.
O facto é que a Rambus foi posta de lado na competição do fábrico de memórias, já deu muito que falar essa história..
Conclusão é que o aspecto técnico desta acção que até costumava acompanhar com muito interesse está cada vez mais fraco, e o fundamental igualmente.
Comprimentos
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- Mensagens: 2140
- Registado: 11/5/2003 12:11
- Localização: Lisboa
Sem tempo para grandes comentários, deixo aqui os três gráficos da Rambus. Pessoalmente, acredito que o suporte dos 16 dólares exercerá uma atracção irresistível, pelo que acredito que a acção irá testar esses valores.
Um abraço,
Ulisses
Um abraço,
Ulisses
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- Administrador Fórum
- Mensagens: 31013
- Registado: 29/10/2002 4:04
- Localização: Aveiro
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