Micron Prevails in California Antitrust Trial Against Rambus
Micron Technology, Inc.
16.11.2011 21:31
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BOISE, Idaho, 2011-11-16 21:31 CET (GLOBE NEWSWIRE) --
Micron Technology, Inc. (Nasdaq:MU) today confirmed that a jury in the
California state court antitrust trial of Rambus Inc. v. Micron Technology et
al. reached a verdict in its favor, clearing Micron of any and all liability.
'We are very pleased that the jury considered all the evidence at issue in this
case and determined that Rambus' allegations against the Company were
completely without merit,' said Steve Appleton, Micron's Chairman and Chief
Executive Officer. 'The jury's verdict validates our assertion that Micron
acted in accordance with the law and consistent with its values of innovation
and fair competition in the marketplace.'
Rambus alleged that Micron, Hynix Semiconductor Inc. and others conspired to
keep Rambus-designed DRAM (RDRAM) chips out of the memory market. At trial,
Micron presented evidence demonstrating that it was design flaws, higher
manufacturing costs and other drawbacks associated with RDRAM along with
Rambus' business practices that prevented RDRAM from gaining wide acceptance in
the market. In a trial presided over by Judge James McBride in California
Superior Court in San Francisco, a jury found in favor of Micron on all counts.
Micron Technology, Inc., is one of the world's leading providers of advanced
semiconductor solutions. Through its worldwide operations, Micron manufactures
and markets a full range of DRAM, NAND and NOR flash memory, as well as other
innovative memory technologies, packaging solutions and semiconductor systems
for use in leading-edge computing, consumer, networking, embedded and mobile
products. Micron's common stock is traded on the NASDAQ under the MU symbol. To
learn more about Micron Technology, Inc., visit www.micron.com.
The Micron Technology, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6950
Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All
other trademarks are the property of their respective owners.
Kipp Bedard
Investor Relations
kbedard@micron.com
(208) 368-4465
Daniel Francisco
Media Relations
dfrancisco@micron.com
(208) 368-5584
News Source: NASDAQ OMX
16.11.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Micron Technology, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US5951121038
WKN:
End of Announcement DGAP News-Service
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Micron Technology, Inc.
16.11.2011 21:31
---------------------------------------------------------------------------
BOISE, Idaho, 2011-11-16 21:31 CET (GLOBE NEWSWIRE) --
Micron Technology, Inc. (Nasdaq:MU) today confirmed that a jury in the
California state court antitrust trial of Rambus Inc. v. Micron Technology et
al. reached a verdict in its favor, clearing Micron of any and all liability.
'We are very pleased that the jury considered all the evidence at issue in this
case and determined that Rambus' allegations against the Company were
completely without merit,' said Steve Appleton, Micron's Chairman and Chief
Executive Officer. 'The jury's verdict validates our assertion that Micron
acted in accordance with the law and consistent with its values of innovation
and fair competition in the marketplace.'
Rambus alleged that Micron, Hynix Semiconductor Inc. and others conspired to
keep Rambus-designed DRAM (RDRAM) chips out of the memory market. At trial,
Micron presented evidence demonstrating that it was design flaws, higher
manufacturing costs and other drawbacks associated with RDRAM along with
Rambus' business practices that prevented RDRAM from gaining wide acceptance in
the market. In a trial presided over by Judge James McBride in California
Superior Court in San Francisco, a jury found in favor of Micron on all counts.
Micron Technology, Inc., is one of the world's leading providers of advanced
semiconductor solutions. Through its worldwide operations, Micron manufactures
and markets a full range of DRAM, NAND and NOR flash memory, as well as other
innovative memory technologies, packaging solutions and semiconductor systems
for use in leading-edge computing, consumer, networking, embedded and mobile
products. Micron's common stock is traded on the NASDAQ under the MU symbol. To
learn more about Micron Technology, Inc., visit www.micron.com.
The Micron Technology, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6950
Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All
other trademarks are the property of their respective owners.
Kipp Bedard
Investor Relations
kbedard@micron.com
(208) 368-4465
Daniel Francisco
Media Relations
dfrancisco@micron.com
(208) 368-5584
News Source: NASDAQ OMX
16.11.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Micron Technology, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US5951121038
WKN:
End of Announcement DGAP News-Service
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