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Technology Stocks : Rambus (RMBS) News Only

RMBS 107.76

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Nov 7 9:30 AM EST

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To: REH who wrote ()	2/3/1999 7:10:00 AM
From: REH	of 236

Intel Offers Funds to NEC/Toshiba/M'bishi Electric Feb 02, 1999, (Comline via COMTEX) -- NEC (6701), Toshiba (6502) and Mitsubishi Electric (6503) say that Intel has offered them funds. The giant U.S. chipmaker plans to launch the Pentium 3 this summer, but the company fears a shortage of high-speed products, namely Rambus DRAMs, because chipmakers in Japan and Korea are cutting capital investment. The new Pentium 3 needs more than the conventional DRAM. Funds extended to the three Japanese companies could be used to expand production systems accordingly. Neither Toshiba nor NEC have said if they will accept Intel's offer. Toshiba has its own capital investment plan, and NEC is considering wide-ranging fund-procurement options during the market slump. Mitsubishi Electric has declined the offer.

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