UPDATE 1-Rambus shares up on hope for settlement
* Shares rise 9 percent
* Chat board post sees settlement with Micron (Adds background, updates shares)
SAN FRANCISCO, Nov 9 (Reuters) - Rambus Inc (RMBS.O) shares rose 9 percent on Monday after an Internet message board post forecast that the microchip designer would reach a legal settlement with Micron Technology Inc (MU.N).
The post on www.investorvillage.com claimed to be from Rambus' former general counsel, John Danforth, but the authenticity could not be verified. Danforth resigned from the company in October 2007.
"It's the reason the stock's moving," said Capstone Investments analyst Jeff Schreiner, adding the stock is frequently pushed as much as 10 percent in a day by rumors.
The post included a forecast that the court's move toward a trial on Jan. 11 improved the chances that Micron would be the first to settle with Rambus. Rambus also is suing Samsung Electronics Co Ltd (005930.KS) and Hynix Semiconductor Inc (000660.KS).
The Los Altos-based chip designer alleged that price-fixing between the chip makers hurt the sales of its RDRAM memory chips used in computers. [ID:nN04175802]
Rambus declined to comment on the post.
Rambus shares rose 9 percent to close at $18.11 on the Nasdaq. (Reporting by Ian Sherr; editing by Andre Grenon)
