Rambus Moves In Premarket After Winning Patent Fight

Posted in pre-market 
July 27th, 2010

Rambus, Inc. (NASDAQ: RMBS) made significant moves this morning after winning a lengthy legal battle, for the time being, concerning patent infringement with Nvidia (NASDAQ: NVDA).  At 8:35 AM EST Rambus was up 10.52% from $19.59 to $21.65 and had traded 73,598 shares, which is approximately 3.25% of average volume for market trading.  This movement comes in the middle of a 52-week trading range of $15.21 - $26.00.

Rambus, Inc. designs and develops chips used in digital electronics products.  Nvidia, a graphic chip maker, has been ordered to halt the import of patent-infringing chips, however, the company plans to appeal the decision.

-Michael B. Sauter

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