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Rambus Chief Hughes To Retire After Successor Is Named

DOW JONES NEWSWIRES Rambus Inc. (RMBS) said Chief Executive Harold Hughes plans to retire once the company finds a permanent successor, opening up a search for the technology licensor's new leader. The disclosure comes as Rambus, which licenses patented technology used to accelerate the performance of memory chips, recently signed a series of agreements with competitors, including Nvidia Corp. (NVDA) and Broadcom Corp. (BRCM), following a setback last year in an antitrust case against Micron Technology Inc. (MU) and Hynix Semiconductor Inc. (000660.SE, HXSCF). "Rambus is on a strong path as a result of our diversification strategy and recent license agreements with key semiconductor companies," Hughes, 66, said in a statement. "Given this, I have decided it is time to start the process of identifying my successor." Hughes will still be nominated for another term as a director in the company's upcoming shareholder meeting. He has served on the Rambus Board of Directors since 2003. Shares closed at $7.42 Monday and were inactive after hours. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Broadcom (BRCM)
DateTimeHeadline
04/22/201519:00:02Broadcom Corporation Delivers Strong Results
04/22/201510:49:33Broadcom Price Target Raised to $60.00 (BRCM)
04/22/201510:49:31Broadcom PT Raised to $46.00 at Barclays (BRCM)
04/22/201510:13:21Broadcom Rating Reiterated by Deutsche Bank (BRCM)
04/22/201510:12:27Broadcom PT Set at $50.00 by Credit Suisse Group AG (BRCM)
04/22/201510:12:25Benchmark Co. Boosts Broadcom Price Target to $45.00 (BRCM)
04/22/201510:12:23Broadcom Price Target Raised to $55.00 (BRCM)
04/22/201508:00:00Broadcom to Present at Upcoming Conferences
04/22/201506:25:09Broadcom Receives Hold Rating from Canaccord Genuity (BRCM)
04/22/201504:49:23Broadcom PT Raised to $54.00 at Susquehanna (BRCM)
04/22/201503:41:12Topeka Capital Markets Raises Broadcom Price Target to $53.00...
04/22/201503:41:10Broadcom Given New $52.00 Price Target at Cowen and Company (BRCM)
04/22/201503:07:01Broadcom Given New $59.00 Price Target at Brean Capital (BRCM)
04/22/201503:06:58Broadcom Given New $56.00 Price Target at RBC Capital (BRCM)
04/21/201517:09:37Broadcom Earnings Rise 27% in First Quarter
04/21/201517:05:33Quarterly Report (10-q)
04/21/201516:07:55Current Report Filing (8-k)
04/21/201516:05:00Broadcom Reports First Quarter 2015 Results
04/20/201508:00:00Broadcom Announces New Trident-II+ Series to Deliver Enhanced...
04/17/201511:36:02Moore's Law Runs Out of Gas

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