biz.yahoo.com
Tuesday February 15, 6:07 pm Eastern Time
Rambus shares surge for a second day
PALO ALTO, Calif., Feb 15 (Reuters) - Shares of Rambus Inc., a maker of computer memory technology that speeds performance, rose for a second day after the company said chips using its technology are being produced in large numbers.
Rambus (NasdaqNM:RMBS - news) said late on Monday that manufacturers are making a larger number of Rambus components that are used in high-performance desktop personal computers, gaming consoles, communication products and other electronic devices.
Rambus stock was up by more than $25 to a 52-week-high of $136.75 in afternoon trading on the Nasdaq. The stock has more than doubled from a year-low of $51.50.
Production of the chips had been delayed last year after one major client discovered glitches.
``Rambus and the industry have been working very hard to get additional component manufacturers ramped and in high-volume production,' said Avo Kanadjian, head of marketing for Rambus in a statement.
Samsung , the world's fourth-largest semiconductor maker, is the first big producer of Rambus DRAMs, or dynamic random access memory chips, which are most widely used in PCs. Already, Samsung has boosted production to 2 million devices a month, Samsung said.
NEC Corp., the world's second-biggest chipmaker, and Toshiba Corp., the No. 3 chipmaker, are also boosting production and seeing strong demand, the companies said. Intel Corp.(NasdaqNM:INTC - news), the biggest chipmaker, is also shipping a chipset that uses the Rambus technology.
On Monday, Dell Computer Corp.(NasdaqNM:DELL - news), the world's No. 2 PC maker, said its first PC using the long-awaited memory-chip technology, was available. The Rambus DRAMs, known as RDRAMS, had been delayed in the fall after Intel discovered several glitches in them. |
