Rambus Inc. investor Stuart J. Steele used his personal jet more than two dozen times since 2000 to visit U.S. courtrooms so he can monitor litigation that jeopardizes his $136 million stake in the company. Steele has 8.1 million shares of Rambus, which claims to own technology used in all computer memory chips. He is one of half a dozen individual investors who travel to courthouses in Delaware, Washington, Virginia and California in an effort to predict the outcome of the disputes by listening to testimony. Fortunes are at stake in Rambus's campaign to win royalties from the world's three largest memory chip makers. The value of Steele's investment would likely plunge should Rambus lose a case against Hynix Semiconductor Inc. that he has been following.

Posted by GEN-ERIC at 05:17:45 am into the following categories: In The News

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