Rambus shares up over optimism on trial date
* Investors expect antitrust trial to go as scheduled
* Shares up 9 percent
SAN FRANCISCO, June 1 (Reuters) - Rambus (RMBS.O) shares rose 9 percent on Monday because investors believe an antitrust case will go ahead as scheduled in September, analysts said.
Rambus accused Samsung Electronics (005930.KS), Hynix (000660.KS) and Micron Technology MU.N of illegally fixing prices, hurting the sale of DRAM computer memory chips designed by Rambus.
Investors expect San Francisco Superior Court Judge Richard Kramer to set a hearing in early July to settle questions of evidence. That was interpreted as underscoring his determination that the trial would begin as scheduled in September, analysts said.
"If the case moves forward it's very positive for Rambus,"said Jeff Schreiner, an analyst with Capstone Investments.
Hamed Khorsand, an analyst with BWS Financial, said Judge Kramer has "been trying to push the trial forward to maintain that September trial date."
But Khorsand said he did not see the setting of a hearing to deal with questions of evidence as a huge positive because "there hasn't been any news to suggest there's a delay. The pre-trial motions are going forward and the judge is setting dates."
Shares were up $1.15 to $14.07 in late Nasdaq trading.
(Reporting by David Lawsky; Editing by Derek Caney)
((E-mail david.lawsky@thomsonreuters.com; Phone +1 415 677 2505; Reuters Messaging david.lawsky.reuters.com@reuters.net)) Keywords: RAMBUS/SHARES
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