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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST

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To: Paul Engel who wrote (40725)11/20/1997 11:47:00 AM
From: Ibexx  Read Replies (2) of 186894
 
Paul and other RMBS holders on this thread,

Hot from the press and read at your risk:
______

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

Summary:

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

2. We believe his 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 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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