Rambus stock drops 8.8% after Judge's ruling
PrintInvestors get off the 'bus
Posted in Business, 1st May 2001 16:28 GMT
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Rambus investors reacted to yesterday's setback in the company's legal action against Infineon by knocking $1.50 off the memory developer's share price this morning.
Yesterday, RMBS stock closed at 17, its average price over the last week or so. This morning it opened at 15.50, a fall of just over 8.8 per cent. It quickly dipped to 15.20 before rising to nearly 16.20. At the time of writing, the price was 15.88 - a long way from its 52-week high of 127.
In early trading, the volume of Rambus shares that changes hands rocketed by nearly ten times the average over the last four days. ®
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