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Rambus Inc. may not be able to collect royalties on some patents because of a Federal Trade Commission ruling that the company deceived a standards-setting committee and created a monopoly in the memory chip industry. Rambus stock tumbled 26 percent in trading Wednesday.

The ruling, which was signed Monday and released Wednesday, reverses a decision from 2004, when an FTC administrative law judge ruled that Rambus was not liable in the matter. Rambus senior legal adviser John Danforth said the Los Altos, Calif.-based company plans to appeal.

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