Intel denies Rambus legal action – at last
Despite what UBS Warburg said
An interview on CNBC with UBS Warburg financial analyst Gregory Mischou seemed to suggest that Intel was taking legal action against Rambus.
But, late tonight UK time, Intel representative Chuck Mulloy took time out from his busy schedule to call The Register while we were having our evening meal.
Mulloy said there was absolutely no truth that Intel was sueing Rambus -- indeed he was surprised that the question had arisen. He had seen the CNBC story, but as you can read below, not without the incriminating paragraph.
The CNBC-UBS Warburg piece, ostensibly about how well Rambus (ticker RMBS) will do this year, because of Intel's emphasis on the Pentium 4, has a throw-away line about the legal action none said:
"At the same time--and this is the high risk part of the story--many companies, including Intel and Micron, are suing Rambus, challenging its claims of patent-violation".
Later in the day, that incriminating paragraph appeared to disappear.
Intel has not been very happy with Rambus for quite a while, but for it to actually take legal action against the Mountain View firm wouldn't, as we said first thing this morning, do its P4 strategy that much good in the short or long term.
In the pieces that remain of the piece, Mischou estimates that the RMBS share price, well known for its volatility over the last year or so, could hit $185 and is rated as a "strong buy".
You could find the CNBC piece here. But the original story has been either airbrushed or has disappeared entirely.
Mind you, until hard disk encryption becomes the order of the day, we still have a copy on our hard drive... ®
(filed 4.18pm GMT, Jan 2)Someone at CNBC reads The Register. The reference to Intel sueing Rambus has now been removed.