Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.23

-11.1%

Dec 12 9:30 AM EST

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To: Ibexx who wrote (1007)	8/12/1997 10:45:00 PM
From: Boplicity	of 93625

Ibexx, We also received a down grade today. <snip> Rambus drops 23% after 'phenomenal' rise NEW YORK (DBC) -- Rambus, a developer of high-speed memory technology for semiconductors, lost 23.1 percent of its market value Tuesday on unusually heavy volume of 1.93 million shares. On Monday, Rambus, which went public on May 14 at $12 a share, added 17 percent to close at 84 1/2, garnering a market value of $1.8 billion, 84 times trailing sales. The stock tumbled 17 3/8 to 67 on Tuesday as Robertson Stephens analyst Dan Niles downgraded the stock to "long-term attractive" from "buy." According to Niles, the company should be worth $3.6 billion by the year 2000, based on his estimated sales of $300 million. At $67, the stock has a market value of $1.4 billion. >> I like that last part. For the complete story click on the url: dbc.com Greg

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