Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 104.08

+2.4%

Dec 8 3:59 PM EST

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To: Dan3 who wrote (27076)	8/14/1999 1:56:00 PM
From: unclewest	Read Replies (2) of 93625

Here's a link to an analyst who's skeptical about the possibility of achieving 10% market share: dan, are you sure your guy is an analyst? i don't think so. he is a reporter. here is a quote from an analyst who has been following rambus for a long time. he must see a helluva earnings ramp coming. this is the first time i ever saw an analyst reduce short term earnings at the same time upgrading the stock and increasing the projected share price. NEW YORK, June 7 (Reuters) - Morgan Stanley upgraded its rating on Rambus Inc. (Nasdaq:RMBS) to strong buy from outperform on the expectation that Intel Corp. (Nasdaq:INTC) , a key partner, is on track to use Rambus technology in a new chipset next quarter. -- In a research note, analyst Mark Edelstone said he was boosting his 12-month target price to $150 from $110 -- due to the large short interest and his belief that the risk factor associated with a Rambus product transition has declined. -- The Morgan Stanley analyst said that while he believes the Rambus computer memory product launch remains on schedule for September, the collapse of computer memory prices could lead to a slower transition to the new Rambus products. -- In light of the potential slower sale ramp-up, Edelstone cut his earnings estimate for the fiscal year ending September 2000 to $0.80 from $1.00 per share previously. He left the 1999 fiscal year estimate unchanged at $0.32. -- "Although we haven't released an official estimate for fiscal 2001, we believe they have the potential to at least triple over the expected results in fiscal 2000," he said. -- "Regardless of the speed at which the transition takes place next year, our long-term view remains unchanged," Edelstone said. "We expect Rambus DRAMs (computer memory chips) to be used in 35 percent of all PCs by the end of next year."

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