Rambus officers offload over 50,000 shares
Print storyHeap of transactions happened yesterday
Posted in Business, 13th August 1999 11:35 GMT
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A number of directors and officers at Rambus sold thousands of shares in the company yesterday. The shares closed on Wall Street yesterday just short of $87. In mid-July, Rambus shares stood at around $117, but the price fell after Intel appeared to waver over its support for Direct Rambus. According to Web site InsiderTrader.com, David Mooring, Paul Farmwald, Subodh Toprani, Kevin Donnelly and Mark Horowitz all disposed of shares yesterday. The total number amounted to 51,000. Insider Trader describes these individuals as officers and/or directors of Rambus. Under the terms of a licence agreement between Intel and Rambus, the former is obliged to help Direct Rambus be a success. However, Intel can terminate this contract at any time. ® See also Intel attempts to grab PC-133 spex
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