Wednesday, June 19, 2002

FTC Sues RAMBUS -- 9:50 pm CST, Update by A.T. Hun

The Federal Trade Commission has brought suit against RAMBUS for abusing its position on the JEDEC (a memory standards group) to file patents. The company had been attempting to use these patents to force memory makers to pay them royalties for SDR RAM and DDR RAM. I saw this on CNBC this afternoon (No, really! I find myself watching way too much CNBC sometimes). The above link is from the Motley Fool, my favorite investing website. Here's a quote:

The "law firm parading as a technology company" model is being subjected to some significant stress-testing, and the FTC has just ensured that the battle for Rambus is nowhere near settlement.

Justice might take a while, but when it gets there . . . WHAM! RAMBUS stock dropped 35% of its already meager value on the news.

The Master comments: BwaAHAHAHAHAhahahAHAAHahaha >:-)

News for 06/19/2002

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