From Rambus’ press release:
Rambus Inc. today announced that it has filed an anti-trust suit in the Superior Court of the State of California. In the suit, Rambus charges that defendants Hynix Semiconductor, Infineon Technologies, Micron Technology and Siemens AG engaged in a concerted and unlawful effort to eliminate competition and stifle innovation in the market for computer memory technology and computer memory chips.
“From substantial written evidence already in the public record, we believe that these memory manufacturers colluded illegally, thereby limiting consumer choice and depriving our RDRAM products of the opportunity to compete fairly in the marketplace,” said John Danforth, senior vice president and general counsel for Rambus. “While we cannot change the past, we have a duty to our stockholders to respond appropriately to this evidence, which we are doing today.”
The 36-page complaint filed today relies in substantial part on evidence obtained through a Federal Trade Commission proceeding and asserts four causes of action:
- Conspiracy to restrict output and fix prices in violation of the Cartwright Act;
- Conspiracy to monopolize in violation of the Cartwright Act;
- Intentional interference with prospective economic advantage; and
- Unfair competition in violation of California Business and Professions Code Section 17200
The complaint is available on Rambus’s website at www.rambus.com/inv/ (under Litigation Update section). The Company will host a conference call today at 1:30 p.m. PDT. This event will be available through a webcast and can be accessed at Rambus’s Investor Relations web site at www.rambus.com/inv/. An audio replay of the conference call will be available following the event at (800) 642-1687, ID number 7321812, and will also be available on Rambus’s investor relations site.
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