From Bloomberg: (It's clear that there is nothing new here, and that FUD is the only thing that is dragging on the stock. I highlighted the important points to remember!)
Rambus Shares Fall Amid Concern That Intel Less Supportive
Mountain View, California, April 23 (Bloomberg) -- Rambus Inc. shares fell as much as 11 percent amid concern that a product delay by Intel Corp. may indicate that the world's largest chip-maker is less supportive of Rambus's technology.
The shares fell 2 5/8 to 55 in midafternoon trading after earlier touching 51 1/2. They've lost about half their value since reaching a record 109 15/16 on Jan. 8.
Mountain View, California-based Rambus licenses high-speed technology to computer memory and microprocessor makers such as NEC Corp., International Business Machines Corp. and Samsung Electronics. Intel is using Rambus's technology in its Camino chipset, and has said introduction of the specialized semiconductor will be delayed a few months. ''Investors are construing the delay as Intel waffling on its support of Rambus,'' said Seth Dickson, a Hambrecht & Quist Inc. analyst who rates Rambus a ''strong buy.'' The delay also will postpone royalty payments to Rambus, he added.
Intel needs the Camino chipset to boost the speed of its Pentium microprocessor chips, which run personal computers. A chipset acts as the intermediary between the microprocessor and the memory, and Rambus's technology speeds up both chipsets and memory chips. ''Long-term, Rambus is going to happen,'' Dickson said. ''It's not a matter of if, but when.''
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