Rambus (RMBS) +9% AH after announcing a patent license deal with DRAM giant and long-time legal...

|By:, SA News Editor

Rambus (RMBS) +9% AH after announcing a patent license deal with DRAM giant and long-time legal adversary SK Hynix. The deal settles "all outstanding claims," and will net Rambus DRAM license payments of $12M/quarter for the next 5 years; other terms are confidential. CC at 5PM ET (webcast).