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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 95.03-0.5%1:39 PM EST

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To: Ian@SI who started this subject5/21/2004 1:12:09 PM
From: Don Green  Read Replies (1) of 93625
 
Pat

Where have you gone? You were so outspoken when all appeared so great for Rambus. Now when there are a few bumps in the road you go into hiding from S.I.?

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Zacks.com Announces That Fred Hager and His Team Highlight the Following Stocks: Rambus, eBay, Qualcomm, and International Rectifier

CHICAGO--(BUSINESS WIRE)--May 20, 2004--Fred Hager and his team believe that the market's sluggishness is only temporary. So take a longer-term perspective with a company that's a buying opportunity after some recent bad news, along with a few other stocks from this expert's portfolios. Read about Rambus (NASDAQ:RMBS), eBay (NASDAQ:EBAY), Qualcomm (NASDAQ:QCOM), and International Rectifier (NYSE:IRF). Click here for the full story exclusively on Zacks.com: at.zacks.com

Here are the highlights from the Featured Expert column:

Rambus Suffers On Delay in Trial from May 7th

Fred Hager and his team remain quite bullish on the long term performance of Rambus (NASDAQ:RMBS).
The events of this week essentially did nothing to Rambus' long term prospects in their view. Hager and his team are displeased with the amount of selling being done by insiders at the company. With continued legal delay and a lack of certainty in the investor community about Rambus' litigation prospects, the selling sends a bad signal to the marketplace and to shareholders. He hopes management recognizes this situation for what it is despite their stated diversification goals.

Hager believes the facts, law and significant ammunition from the previous CAFC and FTC initial decision forecasts an end result soundly in the favor of Rambus. Hager and his team will continue to follow the maneuvering and report their views of the developments. He maintains his position in the portfolio and believes the latest attack on the share price is a buying opportunity for long term appreciation.

Did the Whole Market Have A Trial Delay?

When one reviews the tape for the market this week, it is easy to see that Rambus was not the only stock headed lower. As Hager and his team stated in the previous report, the combination of raise of interest rate "concerns" and developments in Iraq have taken the wind out of the market's sails for the time being. Quite simply he believes this is a temporary situation. He believes this market is early in the stages of the first bull market run of this century.

The following stocks all recently reported excellent results and/or guidance that belie a decline in value.

In the Fredhager.com portfolios

eBay (NASDAQ:EBAY) is one of the world's largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses.

Qualcomm (NASDAQ:QCOM) develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology.

International Rectifier (NYSE:IRF) is a technology pioneer and a leading designer and manufacturer of power semiconductors that refine electricity from wall outlets or batteries into a more usable form.
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