RAMBUS (Nasdaq: RMBS) - THE EAGLE Message Board

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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE

RMBS 101.97

+3.8%

11:09 AM EST

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To: REH who started this subject	6/3/2004 8:26:50 AM
From: REH	of 2039

7:21AM Rambus started with a Hold at WR Hambrecht (RMBS) 18.44: WR Hambrecht initiates coverage of RMBS with a Hold rating and $20-$21 target; firm believes that RMBS is more than just a memory co, with capabilities in high-bandwidth related IP that should drive new growth opportunities in the coming years; firm believes that the positive momentum that the co is seeing in the litigation front against the FTC, Infineon, Micron and Hynix could lead to: 1) future SDRAM and DDR royalty opportunities from DRAM manufacturers that are currently not paying royalties, 2) lower litigation costs in 2005 as these legal battles gradually come to a conclusion, and 3) more interest from institutional investors as the legal worries diminish. However, despite these positive developments, firm says there are no near-term catalysts in the litigation front until the fall of 2004.

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