Rambus Inc. (Nasdaq:RMBS), one of the world’s premier technology licensing companies, today announced that the judge for the Northern District of California (NDCA) has issued his decision in the matter with SK Hynix. The Honorable Ronald M. Whyte has found that the Rambus patents in this case are valid and infringed by SK Hynix and Rambus is entitled to receive royalty payments for past infringement based on reasonable and non-discriminatory (RAND) rates.
“This is a positive result as it is consistent with what we’ve been seeking all along – reasonable compensation for the use of our patented inventions,” said Thomas Lavelle, senior vice president and general counsel at Rambus. “We appreciate the Court’s extensive efforts in working through years of complex arguments. While this decision does not provide SK Hynix with a going-forward license, we are hopeful it will lead to putting this matter behind us completely and allow us to reach reasonable agreements.”
In his ruling, Judge Whyte found that Rambus executed its document retention practices during a time when it reasonably anticipated litigation, and thus willfully spoliated evidence, but also found that Rambus did not deliberately destroy documents it knew to be damaging. The parties have been ordered to provide briefs on the issue of the damages SK Hynix will need to pay Rambus.
Rambus management will discuss this decision during a special conference call on Monday, September 24, 2012 at 6:00 a.m. PT. The call will be webcast and can be accessed through the Rambus website. A replay will be available following the call on Rambus’ Investor Relations website or for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with the ID# 34575979.Background of the Matter This case was originally filed by SK Hynix against Rambus in August 2000. The case was split into three separate phases with Rambus prevailing in all three phases. The first phase considered SK Hynix’s allegations that certain Rambus patents should be unenforceable under the doctrine of unclean hands and spoliation.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV