Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 107.76

+1.2%

Nov 7 9:30 AM EST

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To: anandnvi who wrote (38708)	3/22/2000 1:54:00 PM
From: Zeev Hed	Read Replies (2) of 93625

Anand, I am not sure what you refer to by fundamentals, the basic fundamental issue is the hope that RMBS can earn some $7 to $10 in 2003, that is quite some time out and in this rapidly evolving technology, using a 30 PE on earnings three years down is risky from a fundamental point of view, thus RMBS current price is still basically momentum and for the bounce we should thank our friendly bears, they started covering. My medium term outlook on RMBS (at $330) is still negative, I may reenter for a trade in the $280' or so, of course, if I miss it, it will not be the first time. Longer term, we might even be seeing sub $200 IMHO. Zeev

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