ROFLMAO
ROFLMAO
ROFLMAO
I knew it didnt make any sense....
OH MAN...LOLOL
okay Neal...no comment from you ;-))))
from briefing.com
RAMBUS INC (RMBS) 58 +11 1/2. Rambus investors are a very excitable bunch. Yesterday, the stock soared almost
8 points after both Dell and Compaq announced their intention to ship PCs using Direct Rambus technology for main memory
in 1999. While it was not necessarily news that the world's premier box makers would come aboard the Rambus effort,
investors/traders were nonetheless comforted by the official announcement. Direct Rambus DRAM technology is the the only
high-bandwidth memory interface with broad industry support, with over 50 companies committed to delivering Direct
Rambus within their products, including chip makers accounting for 96% of the worldwide DRAM market and 20 chip
makers (including Intel). In terms of the stock's performance over the past two sessions, it also helps that RMBS is very
heavily shorted. According to MarketGuide data, the short interest ratio on Rambus is almost nine days (meaning that on
average daily volume, it would take approx. nine days for all the shorts to cover their positions). The thing that attracts so
many shorts to Rambus is its seemingly out-of-whack fundamentals. The stock trades at almost 40 times trailing sales and
64 times year-ago earnings. Intel, for example trades at 5 times trailing sales and 19 times year-ago earnings (of course,
Intel earnings are expect to fall 20% this year, while Rambus is predicted to log a 200% improvement. And, while Intel is
predicted to expand EPS by 20% per annum over the next 5-years, Rambus' growth rate is projected at 50%. Hambrecht &
Quist analyst Robert Chaplinsky is probably the most prominent defender of Rambus' valuation. Even at these levels, he sees
the stock as cheap and believes that there are more positive announcements to come. Mr.Chaplinsky was the cause of the last
major rally in RMBS shares, after he doubled his price target on the stock from $50 to $100 back in November. The time
frame given for the price target was an extremely aggressive 6-12 months. Those comments launched the issue from $40 to
$65 over a two-day period.
Cabletron Systems (CS) --UPDATE-- 12 9/16 -1 3/4: Dow Jones is reporting that the company is guiding analysts
earnings estimates lower. The median First Call estimate for fiscal Q2 (Aug) earnings has reportedly already dropped from
$0.12 per share to $0.08, and the full fiscal 1999 (Feb 99) estimate from $0.57 per share to $0.39....
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