Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.11

-0.4%

Dec 26 9:30 AM EST

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To: REH who wrote (5717)	7/15/1998 11:03:00 PM
From: Gary Wisdom	Read Replies (1) of 93625

Here's Briefing's take on Rambus today FWIW 10:50 ET ****** RAMBUS INC. (RMBS) 66 1/4 +7 1/2. The roller-coaster ride is starting up again as this high-flying chip to chip interface technology stock is off to the moon following the release of its fiscal Q3 earnings report that met expectations. In addition, the stock has received some favorable comments from Morgan Stanley Dean Witter this morning which has allowed the stock to catch the eye of aggressive investors. While Morgan Stanley upped its price target on the stock from $60 to $80 a share, Rambus posted a Q3 net of $0.07 a share, significantly up from year-ago net of $0.02 a share. Revenues for the latest period were up 35.2% from a year-ago to $9.16 million, but on a sequential basis, they fell 5.1% due entirely to lower royalties. Rambus however expects royalty income to rebound in subsequent quarters as demand for integrated circuits used in Nintendo 64 video games picks up. Ownership of this issue is not for the feign of heart as the stock has been known to quickly rise or fall at a moments notice. Since it came public at $12 a share last summer, the stock has enjoyed both up and down periods, most recently being pressured lowered by the contraction in the semiconductor sector. From a high of $86 1/2 achieved last August, the stock had lost more than half its value in the ensuing eight months, before mounting its latest rebound in the past month following major endorsements of its technology from two leading PC makers. The news that contract revenues continued to climb in the latest period, coupled with the positive comments issued by Morgan Stanley has again rev up buyers for this stock as it makes its way back to its high-water mark reached last year before the Asian woes began to haunt the semiconductor market. As long as sales can continue to grow, the stock should be able to hold its value, although this issue does trade at an incredible 153 times projected 1999 earnings of $0.43 a share. This is nose-bleed country and means that any stumble in sales and/or earnings will prompt a major exit of the stock

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