bounced again Wednesday morning on a growing belief its recent courtroom triumph is likely to survive appeal.
Rambus was recently up $2.16, or 6.8%, to $33.82 in the Instinet premarket session following publication of an administrative law judge's ruling in which government antitrust allegations were overturned. While the dismissal was reported about a week ago, the details of Federal Trade Commission Chief Administrative Law Judge Stephen J. McGuire's decision reportedly show he sided with Rambus on practically every legal point in the case.
Rambus soared from $25.84 to a close of $34.93 on Feb. 18 following initial word of McGuire's dismissal. About 33 million Rambus shares traded that day.
The case centered around a special type of computer memory Rambus developed in the early 1990s and whether the company abused its position on a standards-setting panel to enhance the market for its patented technology.
The gist of McGuire's ruling was that Rambus had legitimate reasons to amend its patent applications on the technology, known as SDRAM, and wasn't tailoring them according to the standards panel's thinking.
The FTC's staff has 10 days to decide whether to appeal the ruling.