Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.26

-11.1%

Dec 12 3:59 PM EST

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To: sam who wrote (60053)	11/3/2000 8:44:19 AM
From: Dan3	Read Replies (3) of 93625

Re: Edelstone reiterates his STRONG BUY rating and $200 target price; believes Samsung licensing agreement should force remaining DRAM makers to cave in; raises 2001 estimate to $0.55 from $0.45 on likelihood of additional licensing deals. Impressive numbers. A P/E of 25 with earnings at $0.55 yields a stock price just under $14. If 55 cents represents 40% of the market having signed, then if Rambus gets everyone to sign, their earnings would be $1.38 per year. Once they have nothing left to win, a more reasonable P/E would be 15 so the stock price could be expected to be around $21. Questions? Comments? :-) Dan PS - Notice that Eddlestone thought the $0.55 represented earnings after additional companies signed, the numbers above are actually slanted in Rambus's favor. I may have sold those puts waaaay too soon.

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