Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.82

+2.7%

Nov 26 3:59 PM EST

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To: Jdaasoc who wrote (36118)	12/30/1999 4:07:00 PM
From: Zeev Hed	Read Replies (1) of 93625

John, the news background has been going from bad to worse, yet the stock stubbornly refuses to break through the $66 or so area. To me that is an indication that market participants believe all the bad news is in the stock. Of course, a breach of that level would indicate that additional bad news, such as your assumption that INTC no longer support RMBS for PC applications is materializing. I would say that the market is trying to tell us that RMBS will eventually get into the main desk top PC business (not as fast as earlier anticipated, maybe), and that additional applications will result in the resumption of licenses outside the PC market arena. I think that the crescendo scenario is not dead, just delayed. My target of a low of $37 assumes an additional "accident" that will cause a temporary breach of the mid 60' support, but I do not assign to this possibility a very high probability. Zeev

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