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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;

Stock News for Nvidia (NVDA)
02/14/201711:44:42Amended Statement of Ownership (sc 13g/a)
02/13/201716:20:31Statement of Changes in Beneficial Ownership (4)
02/10/201716:44:15Statement of Changes in Beneficial Ownership (4)
02/10/201706:12:33Amended Statement of Ownership (sc 13g/a)
02/09/201716:24:14Current Report Filing (8-k)
02/02/201716:12:39Current Report Filing (8-k)
02/01/201716:14:14Initial Statement of Beneficial Ownership (3)
01/25/201717:25:14Amended Statement of Ownership (sc 13g/a)
01/19/201716:12:05Current Report Filing (8-k)
01/13/201716:53:06Amended Statement of Changes in Beneficial Ownership (4/a)
01/13/201716:53:05Statement of Changes in Beneficial Ownership (4)
12/30/201616:15:27Statement of Changes in Beneficial Ownership (4)
12/29/201618:06:46Statement of Changes in Beneficial Ownership (4)
12/16/201616:04:16Statement of Changes in Beneficial Ownership (4)
12/16/201616:03:51Statement of Changes in Beneficial Ownership (4)
12/16/201616:03:51Statement of Changes in Beneficial Ownership (4)
12/14/201616:10:14Statement of Changes in Beneficial Ownership (4)
12/13/201609:20:23Current Report Filing (8-k)
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12/01/201616:57:56Current Report Filing (8-k)

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