''From a DRAM (dynamic random access memory) standpoint, we are at the bottom going up,'' said Rambus Chief Executive and President Geoff Tate. ''I think a lot is predicated on the PC business, and we've got this new model of people giving PCs away, which could be a bubble. But it doesn't matter if they give them away if demand is still strong and DRAM prices are going up.''
SG Cowen semiconductor analyst Min Pang said he foresees a three to four-year upturn.
''These things are not without their hiccups, but there is plenty of gas in the tank,'' he said. ''Typically, what you see in the early period of recovery are excessively high expectations (from investors) in comparison to earnings estimates. But estimates are still very low, and as estimates edge up, there will be more upside.''
He pointed out that the semiconductor industry is what enables technology as a whole to move forward, as faster, smaller and more efficient chips are developed.
Such developments in computer chips allow for more powerful PCs and faster Internet connections, driving a new economy based on the Web.
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