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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 88.13+1.0%Nov 21 9:30 AM EST
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To: Ibexx who wrote (16426)2/22/1999 11:12:00 PM
From: MileHigh  Read Replies (1) of 93625
 
Don't think has been posted yet-- gosh, I hope not, this is going to Ibexx!! (just kidding Ibexx <gg>)

13:00 RAMBUS INC. (RMBS) 82 +11. This designer of high-speed computer chips is getting a another lift today as BancBoston Robertson Stephens's analyst Dan Niles upgrades the stock. On Friday, the stock gained 15.9% on the view that Intel would soon adopt its high-speed memory technology. Mr Niles received a lot of good press last week when he correctly forecast Dell Computer's revenue shortfall. This time around, Mr Niles has upgraded the chip maker from long-term "attractive" to "buy" and set a price target of $90, which at this time only represents an 8.9% upside movement following today's 15.5% gain. Still, given the ongoing view that Intel will soon make an announcement to use the Rambus technology in its new Intel chipsets which supports Direct RDRAM interface,most investors suspect that hitting $90 may only prove to be an intermediate stop on its way to the century mark, especially if the Intel Camino 820 chipset is introduced on time. There had been fears that Intel would delay the introduction of its chipset until later in the year, thus recently putting pressure on the shares of Rambus. However, now that Mr Niles has assured investors about Rambus and the use of the Rambus technology by Intel, all worries have been stored away. It wasn't too long ago that this issue was trading at a high of near $110, which reflects the volatility of this stock It would not be surprising to see some profit taking on the announcement in the next few days following the rapid rise in the stock over the past couple of days.

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