Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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To: Rich1 who wrote (9928)	7/15/2003 10:45:31 AM
From: Lizzie Tudor	Read Replies (1) of 208201

hehhe have some faith, up about $1 now, good for you. It really is tough to gauge sentiment vs. results in the early stages of a recovery. 9:04AM Rambus upped to Buy from Neutral at B. Riley; target $37.50 (RMBS) 18.90: The upgrade is based on firm's view that RMBS will succeed in overcoming the brunt of the charges that the FTC is bringing against it. At a minimum, firm believes the FTC will be unable to restrict RMBS' right to DDR SDRAM royalties. Estimates that RMBS could soon be in the position to collect as much as $420 mln per year in DDR royalties alone (at the RAND royalty rate of 3.5%). At RMBS' 32% tax rate, this represents $286 mln in after tax cash flow, or $2.71 per share. Firm's new price target of $37.50 is based on a 15x P/E on a $2.50 EPS target... (Stock currently trading down 3% in pre-market at $18.34).

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