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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.82+2.7%3:59 PM EST
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To: Scumbria who wrote (47889)7/26/2000 1:22:19 PM
From: Junkyardawg  Read Replies (1) of 93625
 
My guess is that about 70% to 75% of the float on RMBS is shorted as of today.(Last months reported short interest was 62% of the float)
Even with that large of a short interest RMBS is still trading in the range of $300(pre-split)

Now if the shorts think that INTC making a lower end chip to compete with AMD lower end chips is reason enough to short about 10% more of the float on RMBS then I say go for it. IT has already been stated that this will in no way effect the current relationship with RMBS and INTC and royaltys. (DRAM is used for higher end chips). You know kinda like buying a ford or a lexus. Which one do you want? In other words nothing has changed with the company except the huge short interest that has developed over this old news.
Oh by the way lets not forget about a little company called Sony either.
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