Friday, July 28, 2006
Rambus Inc. Thursday (July 27) said that it has accepted the court's reduced award in its long and bitter suit against South Korea's Hynix Semiconductor Inc.
Rambus (Los Altos, Calif.) said that the company has agreed to the jury's award of $133.6 million in lieu of a new trial in the case.
Earlier this month, a U.S. judge tossed out a $307 million patent infringement award to Rambus in its suit against Hynix. At the time, Rambus had 30 days to accept the lower amount or the case would move to a new trial.
The original damage award covered only Hynix sales of SDRAM, DDR SDRAM, and DDR2 memory products to the U.S. between June 2000 and the end of 2005. It does not yet include any pre-judgement interest, which is a typical element of damage requiring further consideration by a trial judge.
"We accept Judge Whyte's decision and continue to be gratified with the outcome of this case, including the jury's finding on validity and infringement," said Robert Kramer, Rambus' acting general counsel, in a statement. "We now look forward to presenting our position on the remaining issues in this case."
Rambus' filing with the court accepted the lower damages award with the understanding that the $133.6 million did not include prejudgment interest or damages for Hynix's infringement after Dec. 31, 2005, both of which Rambus continues to pursue as part of this trial. The third phase of the case is scheduled to begin August 21, 2006.
Rambus also announced that senior vice president, secretary and general counsel John Danforth will leave these positions and assume a new role within the company, effective immediately. Danforth will focus on certain of the company's litigation matters as senior legal advisor.
Robert Kramer, deputy general counsel, will serve as acting general counsel until the general counsel role is filled. Kramer joined Rambus in October 2001.
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