Federal Trade Commission Authorizes Rambus to Receive Withheld Royalties
"The Commission's order confirms that we are able to receive the royalty payments that were withheld as a result of the Commission's prior orders," said Tom Lavelle, senior vice president and general counsel for Rambus. "With the FTC's orders vacated, we are able to receive the royalties that we negotiate in good faith with our licensees or prospective licensees."
On April 22, 2008, the District of Columbia Court of Appeals overturned the FTC's orders and remanded the matter back to the FTC for further proceedings consistent with the Court's opinion. Further, on August 26, 2008, the CADC denied the FTC's request for en banc rehearing and issued its final mandate on September 9, 2008. Subsequently, the FTC issued an order acknowledging that Rambus may collect Excess Consideration currently being held in abeyance.
As of June 30, 2008, there was $5.2 million held in abeyance and excluded from revenue. Of this amount, Rambus will recognize $0.9 million of revenue in the quarter ended September 30, 2008 and the balance when it receives the payments from its customers.
About Rambus Inc.
Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed memory architectures. Since its founding in 1990, the Company's patented innovations, breakthrough technologies and renowned integration expertise have helped industry-leading chip and system companies bring superior products to market. Rambus' innovations and solutions enable unprecedented performance in computing, communications, and consumer electronics applications. Rambus licenses both its world-class patent portfolio as well as a range of leadership and industry-standard memory solutions. Headquartered in Los Altos, California, Rambus has regional offices in North Carolina, India, Germany, Japan, and Taiwan. Additional information is available at www.rambus.com.
|
Related News
- Federal Trade Commission Dismisses Case Against Rambus
- Federal Trade Commission Files Petition for Certiorari in the Supreme Court in Rambus Case
- DC Circuit Court Overturns Federal Trade Commission Orders in Rambus Case
- Federal Trade Commission Grants Partial Stay in Rambus Case
- Federal Trade Commission Issues Remedy in Case Against Rambus
Breaking News
- Ubitium Debuts First Universal RISC-V Processor to Enable AI at No Additional Cost, as It Raises $3.7M
- TSMC drives A16, 3D process technology
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers
- Blueshift Memory launches BlueFive processor, accelerating computation by up to 50 times and saving up to 65% energy
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
Most Popular
- Cadence Unveils Arm-Based System Chiplet
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Esperanto Technologies and NEC Cooperate on Initiative to Advance Next Generation RISC-V Chips and Software Solutions for HPC
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- Arteris Selected by GigaDevice for Development in Next-Generation Automotive SoC With Enhanced FuSa Standards
E-mail This Article | Printer-Friendly Page |