Friday, October 14, 2011

UPDATE: Jury Asks to Review Micron Testimony in Conspiracy Trial

Posted By on Fri, Oct 14, 2011 at 3:50 PM

UPDATE: Friday, Oct. 14 3:30 p.m.

At the closing bell, Micron shares closed up 18 cents to $5.70 a share. Micron's fortunes shadowed Wall Street as the Standard and Poor's 500 enjoyed its best week since July 2009. The gains put the Dow Jones Industrial Average back into positive territory for the year.

ORIGINAL POST: Friday, Oct. 14 9:30 a.m.
A California jury, considering whether Micron and Hynix conspired to push Rambus out of the memory-chip market, has again asked to review specific trial testimony by Michael Sadler, vice president of corporate development at Micron's Boise headquarters. The jury, which is now wrapping its second full week of deliberations, has asked to see Sadler's testimony twice. The first request was on Sept. 29.

During the San Francisco-based trial, Sadler testified that he had ceased email communications about chip pricing back in 2002 because Micron had received a U.S. Justice Department subpoena as part of a price-fixing investigation.

Rambus alleged that Micron and the South Korea-based Hynix conspired to cut their memory chip prices, while reducing their commitments to produce a memory chip designed by Rambus. Rambus contended that it lost a potential $3.95 billion in royalties in the alleged conspiracy.

In early trading on Friday, Micron stock dropped to $5.51 per share on the New York Stock Exchange. Micron traded as high as $11.80 in April.

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