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Message: RMBS, now why don't we see these kind of numbers....
Rambus Sees $97-a-Share Victory Over Hynix in U.S. Patent Trial
http://www.bloomberg.com/apps/news?pid=2...
By Joel Rosenblatt
Enlarge Image/Details
Jan. 30 (Bloomberg) -- Rambus Inc., the designer of chips for Sony Corp.'s PlayStation video-game console, might collect royalties of as much as $10 billion, six times its market value, by winning a seven-year fight with Hynix Semiconductor Inc.
After claiming the world's second-largest memory-chip maker infringed on patents it owned, Rambus won a $133.4 million award in 2006. To collect, it must now win a trial next month over the South Korean manufacturer's claim that the Los Altos, California-based company illegally used information obtained at industry meetings in the 1990s to get the patents.
A Rambus victory probably would include a court order barring Hynix and other manufacturers from selling the chips, said analyst Michael Cohen of Pacific American Securities. That would allow the memory designer to seek royalties of $700 million to $10 billion, or $97 a share, Cohen said. A loss might make the patents unenforceable, pushing Rambus shares down more than a third, he said.
``There's really a lot at stake here because this is the conduct trial for not just the past but current and future memory types as well as multiple manufacturers,'' Cohen said. He has a ``buy'' recommendation on Rambus and owns 500 shares.
A victory for the company in the San Jose, California, trial would apply to the U.S. and give it leverage to demand global royalties, Cohen said. He said his $10 billion top estimate is based on a 4.25 percent rate on all manufacturers' sales of the most recent memory types and Rambus's triple- damages claim for willful infringement.
http://www.bloomberg.com/apps/news?pid=2...
By Joel Rosenblatt
Enlarge Image/Details
Jan. 30 (Bloomberg) -- Rambus Inc., the designer of chips for Sony Corp.'s PlayStation video-game console, might collect royalties of as much as $10 billion, six times its market value, by winning a seven-year fight with Hynix Semiconductor Inc.
After claiming the world's second-largest memory-chip maker infringed on patents it owned, Rambus won a $133.4 million award in 2006. To collect, it must now win a trial next month over the South Korean manufacturer's claim that the Los Altos, California-based company illegally used information obtained at industry meetings in the 1990s to get the patents.
A Rambus victory probably would include a court order barring Hynix and other manufacturers from selling the chips, said analyst Michael Cohen of Pacific American Securities. That would allow the memory designer to seek royalties of $700 million to $10 billion, or $97 a share, Cohen said. A loss might make the patents unenforceable, pushing Rambus shares down more than a third, he said.
``There's really a lot at stake here because this is the conduct trial for not just the past but current and future memory types as well as multiple manufacturers,'' Cohen said. He has a ``buy'' recommendation on Rambus and owns 500 shares.
A victory for the company in the San Jose, California, trial would apply to the U.S. and give it leverage to demand global royalties, Cohen said. He said his $10 billion top estimate is based on a 4.25 percent rate on all manufacturers' sales of the most recent memory types and Rambus's triple- damages claim for willful infringement.
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