Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 87.20

-3.3%

3:59 PM EST

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To: Dr. Id who wrote (18747)	4/15/1999 1:15:00 PM
From: MulhollandDrive	Read Replies (1) of 93625

JDB, The downgrade could simply be H&Q's CYA anticipating that investors' will remain on the sidelines for a bit longer due to the extension of "flat" warning from RMBS. It gets more interesting from here, because if RMBS continues to hold the 61 support line, it forces sideliners to make a decision. Could be interpreted as "the" bottom. The downgrade MAY come back to haunt them if the current base holds, but that doesn't mean that RMBS still couldn't just trade sideways for another quarter, so a "market perform" rating would technically be correct. bp

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