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Politics : Formerly About Advanced Micro Devices
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To: richard surckla who wrote (142747)2/26/2002 3:30:03 PM
From: tejek  Read Replies (2) of 1575241
 
Congrats..........RMBS begins its redemption!<g>

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Rambus jumps 21 percent

By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 2:51 PM ET Feb. 26, 2002




SAN FRANCISCO (CBS.MW) - Rambus shares shot up 21 percent Tuesday on heavy volume after the company demonstrated what it says is the world's highest bandwidth PC memory module.

Rambus, which designs memory chips used in computers, demonstrated the design on Monday here in San Francisco at Intel's Developer Forum.

Rambus said its RIMM 4200 is the next milestone in its memory roadmap for higher performance computers. It uses Intel's (INTC: news, chart) newest Pentium 4 system.

Shares (RMBS: news, chart) rose $1.39 to $7.39 - a high for the month of February. Shares have steadily slid from around $9.50 in early January when Rambus reported its quarterly financial results.

This year's decline follows a much larger decline dating back to April of 2000 when the company's stock traded above $120.

The company is mired in several patent-infringement suits with memory-chip manufacturers, including Germany's Infineon Technologies.

The forum runs through Wednesday and Rambus will host a presentation tomorrow about motherboard designs in memory subsystems.

Also, on Thursday, Rambus will deliver a public presentation to investors and money managers at the Robertson Stephens Technology Conference, also in San Francisco.

Chris Kraeuter is a reporter for CBS.MarketWatch.com in San Francisco.
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