Wall Street Analysts: Rambus Will Likely Settle with Micron
With the antitrust suit between Rambus (NASDAQ:RMBS) and Micron Technology Inc. (NASDAQ:MU) coming to an end, analysts see the possibility of an out of court settlement to the tune of between $2 billion and $3 billion. The dispute is over computer chip technology patents.
Shares of Rambus are up over 2.5% at $12.58. The company continues to make losses. The company also trades at a sales multiple of 5.3 which is much higher than its industry rivals. On the technical front shares trade well below their declining 200 day moving average but at their declining 50 day moving average. The MACD is bullish while RSI is pointing up at 59.