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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 108.00+4.8%Jan 16 3:59 PM EST

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To: REH who wrote (4677)6/19/1998 11:20:00 PM
From: Jeff Jordan  Read Replies (2) of 93625
 
Rambus mania seized Internet discussion groups (a tiny sample of their
vast correspondence is reproduced below). The groupies bought shares
and touted them--some predicted the stock's price would increase
eightfold. It almost matched their hopes, soaring 600% after its IPO to
$84 in 14 weeks.

This, it seemed, was a company that couldn't lose.

But today Rambus trades at a paltry $36. What spoiled the coming- out
party? For one thing, Rambus fell victim to competitors' envy and
craftiness. Some of the same companies licensing Rambus ' technology
began work on an alternative interface, called SyncLink. Simultaneously,
existing memory chip technology--which Rambus ' interface was meant
to replace--became cheaper, dampening the appetite for more expensive
chips.


Is he talking about us? I remember those days vividly.<g>

Jeff
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