|[May 05, 2004]
Micron Technology, Inc., Responds to Antitrust Lawsuit
BOISE, Idaho --(Business Wire)-- May 5, 2004 -- Micron Technology, Inc., (NYSE:MU) responded to a lawsuit announced today by Rambus against various DRAM manufacturers, including Infineon Technologies, Hynix Semiconductor, Siemens AG and Micron Technology. Micron said it had not seen the suit but stated it would defend any lawsuit vigorously.
"Micron builds products to meet the demands of its customers," noted Dave Parker, Micron's Director of Corporate Communications. "Rambus failed in the marketplace because of excessive manufacturing costs and minimal RDRAM demand. Several memory manufacturers, including the world's largest, continue to produce RDRAM products sufficient to meet its limited, worldwide market demand. It is unfortunate that Rambus is trying to blame the market failure of its RDRAM technology on others, like Micron, who ultimately responded to marketplace demands."
"We believe Rambus is attempting to deflect attention away from the Federal Trade Commission's (FTC) ongoing suit against Rambus for alleged antitrust violations," added Parker. In its lawsuit against Rambus, the FTC has alleged that Rambus intentionally deceived others in the DRAM industry, including Micron, to subvert an open-industry standard-setting organization known as JEDEC. The FTC has alleged that Rambus, as part of its anticompetitive scheme, deliberately failed to disclose critical information to the standards group in an attempt to gain a monopoly over the DRAM industry and extort exorbitant royalties from DRAM manufacturers and consumers.
Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAMs, Flash memory, CMOS image sensors, other semiconductor components and memory modules for use in leading-edge computing, consumer, networking, and mobile products. Micron's common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit its web site at www.micron.com.
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