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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 98.86+0.8%3:59 PM EST

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To: Ibexx who wrote (2005)10/15/1997 11:03:00 PM
From: Ibexx   of 93625
 
RMBS investors:

H&Q's post-earnings update on RMBS, issued by R. Chaplinsky on 10/14.

SUMMARY:

* We are increasing our Q1'98 (ending December) EPS estimate on RMBS from $0.03 to $0.05 and our FY'98 projection to $0.24 from $0.21. There is no change to our conservative FY99 EPS of $0.53.

* RMBS reported stronger than expected revenue in the September quarer as contract revenue from new license was up 18% from the June quarter.

* We believe the long-term outlook for RMBS is continuing to strengthen as the first technical disclosure of Direct RDRAM is expected to be presented at the Microprocessor Forum on October 15.

* We reiterate our BUY recommendation on RMBS as we anticipate that Rambus-based technology will be adopted as the de facto PC main memory standard beginning in 1999.

More details in next post.

Ibexx
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