Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 110.08

+1.9%

Jan 20 3:59 PM EST

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To: Tom Gebing who wrote (3713)	4/15/1998 9:56:00 AM
From: REH	Read Replies (1) of 93625

Gentlemen: It seems that some people out there have a problem analyzing Rambus with regards to news and Financial results. The news that has been posted lately on this thread have all been positive so why somebody claims these news-items are written by "short" investors I do not understand. Hundai's news is extremely positive, they are focusing more and more on Rambus-technology and not! competing technology. The road-map is pretty clear to me. On the financial end it seems somebody calculates P/E only based upon last quarters EPS - this is not realistic. Here are some numbers to ponder: Last 6 months EPS: .14 = P/E of 343 Estimated EPS F 1998: .24 = P/E of 200 Estimated EPS F 1999: .46 = P/E of 104 I strongly believe these numbers will be beaten as rmbs historically has beaten all estimates since going public. Look to the Liability side of the B/S and you will find Deferred Revenues of $ 39 million - this equates out to $ 1.65/share ($ 39M divided by 24M shares). If realized at once it would mean a P/E of 29.5 assuming a stock price of $ 48!!!! Current Assets increased the last 12 months from $ 19- $ 90 million!! Since going public rmbs shares have slipped from a high of about $ 80 to todays $ 47-48 - in the same time-frame they have beaten all estimates and have added a whole new potential market within DVD/TV. If one should use the same P/E that brought the shares to $ 80 last fall this stock would be $ 150+ today. I think analysts very soon will see this huge upside potential and give strong buy signals. Just my 2 cents REH - long on rmbs

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