MoSys (MOSY +45.4%) is the day's top Russell 2000 gainer after the memory tech company's patent...

|By:, SA News Editor

MoSys (MOSY +45.4%) is the day's top Russell 2000 gainer after the memory tech company's patent sale to Tessera (TSRA +0.1%). Benchmark, reiterating a Speculative Buy rating on MOSY, says the money, equaling ~$1.60/share, exceeded expectations and is a “much-needed shot in the arm” that can help fund development of a new "bandwidth engine" memory chip.