Sunday, November 13, 2011

Micron, Hynix Antitrust Jury in Marathon Deliberations

Posted By on Sun, Nov 13, 2011 at 8:45 AM

Stockholders, jury-watchers and reporters are second-guessing as a California Superior court jury is about to enter a eighth week of considering an antitrust lawsuit against Micron Technology and Hynix Semiconductor. The jury is mulling whether Micron and Hynix conspired to push Rambus, Inc. out of the memory-chip market. Rambus alleged that it lost a potential $3.95 billion in royalties in the alleged conspiracy. Micron and Hynix countered that Rambus' chip technology was plagued by technical problems.

Closing arguments ended September 21, launching a marathon of deliberating. But the jury has a long way to go before setting a record. In 1994, a Long Beach, Calif., jury deliberated for more than four months on charges of discriminatory practices by that city's building department. The Rambus jury meets five hours a day and takes Fridays off most weeks.

When NASDAQ's opening bell rings into session on Monday morning, Micron will begin the trading week at $5.43 per share.

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