Rambus faces lawsuit
A class action lawsuit against Rambus has been filed in the US District Court for the Northern District of California, alleging that the company misled investors by fraudulently claiming patents and collecting licensing revenue related to SDRAM technology. The suit stems from a court battle with Infineon Technologies in May, in which Rambus was found guilty of fraud and fined $US3.5 million in punitive damages.
Toshiba has announced corporate-wide restructuring plans in Japan that will see it focus on strong business sectors at the expense of unprofitable divisions and thousands of jobs.
The company also revised its financial forecast for the coming year, cutting its full-year consolidated net income forecast from a profit of 60 billion yen ($946 million) to a loss of 115 billion yen. The company said it plans to close around one third of its 21 Japanese factories and one quarter of its 98 domestic manufacturing and engineering companies by the end of fiscal year 2003. The company will lay off 10 per cent of its global workforce of 188,000 employees by the same time.
Xenon Systems offers new graphics card
Xenon Systems have announced the availability of the Fire GL 8800 - a dual monitor board by ATI - due for release at the end of October.
The product is aimed at mid-range workstations in the 3D animation and CAD/CAM market segments, and is powered by ATI's Radeon 8800 graphics chip. Drivers are available for Windows 2000, NT and Linux operating systems. The card features 64MB of DDR memory, OpenGL and DirectX 8.1 capabilities, DVD playback, support for 3D resolutions, up to 2048x1536 pixels, digital flat panel and dual monitors. It will retail for around $1600.