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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 95.57+0.7%Nov 28 9:30 AM EST
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To: MulhollandDrive who wrote (2317)11/20/1997 11:41:00 AM
From: Ibexx  Read Replies (2) of 93625
 
betty and thread,

H&Q raised RBMS's target price to $100 --hot from the press and read at your own risk:
_______________________________________

RMBS: Intel's Rambus-based Chipset Working: Raising Price Target to $100.

Summary:

1. We believe Intel has already achieved functional siliconfor Rambus Direct chipsets.

2. We believe this is ahead of plan and thereby reduces an element of risk for Rambus.

3. There is no change to our FY 98 and FY 99 EPS projections, but we are raising our CY98 price target to $100 from $50.

4. We reiterate our BUY rating on RMBS.
____________

As usual, the report was authored by Rob Chaplinsky (dated November 20) who also covers INTC.

Enjoy,
Ibexx

PS: If I have some time later today, I will post some of the "math" Mr. Chaplinsky used to derive his new target price.
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