Rambus Roars After Favorable Court Ruling

Shares of Rambus(RMBS Quote) soared by more than 50% Wednesday on news the company has received a favorable ruling in a patent case.

The stock jumped after a federal appeals court ruled that Rambus had not committed fraud in a dispute involving memory maker Infineon(IFX Quote), reversing the ruling of a lower court, according to a Reuters report.

The appellate court also revived Rambus' patent infringement claim against Infineon. The court requested that the case be heard again in a lower court, using parameters likely to bolster Rambus' case. ...