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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 115.18-7.7%Jan 23 9:30 AM EST

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To: MileHigh who wrote (16110)2/20/1999 3:41:00 PM
From: Dave B  Read Replies (1) of 93625
 
Also, for everyone who's guessing under $100 close for the year, this means that you think we'll be flat to down for the year. I have a little trouble believing that'll be the case since we WILL (think positive!) actually be shipping in PCs by the end of the year. At the end of 1998, our forward looking PE was 240 ($96 share price divided by $.40 per share estimated earnings). If it were to remain at 240, the price would be somewhere around $240, since the estimated earnings for next year are around $1.00 per share. Even if it gets cut in half -- which won't happen -- we'd be at $120.

Just trying to help you think this through. Of course, if we're not shipping by the end of the year, I'll be first in line to join the Flat to (Way) Down Club. Which is why I want to hear what Intel has to say next week.

Dave
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