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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 Nvidia (NVDA)
DateTimeHeadline
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05/02/201612:10:00Nvidia and Samsung Settle Patent Litigation
05/02/201612:04:00Nvidia and Samsung Settle Patent Litigation
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04/14/201619:08:11Statement of Changes in Beneficial Ownership (4)
04/07/201616:57:49Additional Proxy Soliciting Materials (definitive) (defa14a)
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03/23/201608:25:27Current Report Filing (8-k)
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02/23/201616:33:09Statement of Changes in Beneficial Ownership (4)
02/17/201616:29:34Current Report Filing (8-k)
02/12/201609:26:44Amended Statement of Ownership (sc 13g/a)
02/12/201607:21:34Amended Statement of Ownership (sc 13g/a)
02/11/201607:43:46Amended Statement of Ownership (sc 13g/a)

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