BWS Financial surprised by lack of upside in Rambus shares
BWS Financial believes Rambus' (RMBS) settlement with NVIDA (NVDA) is a significant positive surprise since it brings an end to a costly legal battle for the company. The firm is surprised by the minimal upside reaction to Rambus shares and recommends buying the stock at current levels. :theflyonthewall.com
Rambus (RMBS) has signed a patent license agreement with NVIDIA (NVDA). The agreement covers the use of Rambus patented innovations in a broad range of integrated circuit products offered by NVIDIA. In addition, the two companies have settled all outstanding claims, including resolution of past use of Rambus’ patented innovations. The term of this agreement is five years; other details are confidential. :theflyonthewall.com
Rambus acquires Unity Semiconductor for $35M in cash
Rambus has acquired privately-held Unity Semiconductor, an innovative memory technology company for an aggregate of $35M in cash. As part of this acquisition, the Unity team members have joined Rambus to continue developing innovations and solutions for next-generation non-volatile memory. This acquisition will expand the breadth of Rambus’ breakthrough memory technologies and will open up new markets for licensing. The boards of directors of both companies have approved the acquisition and it has closed. :theflyonthewall.com
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