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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 88.68-2.7%12:59 PM EST

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To: Ibexx who wrote (634)8/2/1997 6:03:00 AM
From: Gary105   of 93625
 
Path of least resistance is up. Company has too much going for it; acceleration of announcements will lead to acceleration of earnings; + earnings surprises and even further share price acceleration imo. Valuation is still an issue. My guess is company earns $2 - $8/share in future (lets say 4 - 5 years from now) if things go well and is worth $100 - $400 at that time (anyone else care to comment on earnings??) Lower end is based on RDRAMs for PCs; upper end is based on multiple applications (consumer electronics, communications, etc) Nevertheless technology is too compelling not to own - I established initial position earlier this week.

Gary

P.S. - re athm - received mailing from them advertising service (a + sign). I once again asked salesperson about number of clients - reply was they have 7000 with 2000 waiting list ( a - sign) Rollout is proceeding too slowly for lofty valuation.
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