Traders Ride Rambus Lower
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Updated from 1:32 p.m. EST
Rambus (RMBS Quote) fell in heavy trading Friday as investors fretted about its suit against Korean competitor Hynix Semiconductor.
Shares of Rambus were down as much as 17% during the session and finished at $16.71, down $1.02, or 5.8%. Volume was 9 million shares, more than four times the average.
The flurry came a day after a federal judge accepted Samsung's guilty plea in a related price-fixing case. In its deal with the Justice Department, Samsung, the world's largest maker of memory chips, agreed to pay a $300 million fine for conspiring to fix memory chip prices. Hynix agreed to pay a $185 million fine earlier in the year, while Infineon Technologies (IFX Quote) has agreed to pay a $160 million fine. ...
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