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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 90.20+2.9%3:59 PM EST
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To: Techplayer who wrote (21372)6/1/1999 7:34:00 PM
From: KM  Read Replies (3) of 93625
 
From Street.com:

Rambus Slips on IBM Defection
Shares of Rambus (RMBS:Nasdaq) closed sharply lower on news that computer maker IBM (IBM:NYSE) would not incorporate Rambus memory chip designs in its future PCs. IBM is the third largest PC maker. Rambus closed down 10 15/32, or 13.5%, at 67 1/32.
Electronic News reported yesterday that IBM's chip division would not produce Rambus memory devices and that its next generation of PCs would instead use PC-133 SDRAM, considered a stop-gap alternative to the revolutionary Rambus technology. PC and memory makers have balked at incorporating Rambus designs, because of expensive royalties and costly manufacturing.

Ed Barbini, a spokesman for IBM's Personal Systems Group, denied that the company is abandoning Rambus. "We plan on continuing to use Rambus products on our Windows NT Workstations and on high-end commercial PCs," he said. But he added that the company is looking for alternatives for low-end commercial PCs geared for small business. The commercial market accounts for a majority of all IBM computers sold, he said. Barbini said he could not comment on whether Rambus-based memory chips would be used in its consumer PCs. IBM closed down 4, or 3%, at 112.

Rambus has been one of the most controversial stocks in the chip sector lately, because of rumors that its strongest backer, Intel (INTC:Nasdaq) was having trouble producing the chipsets needed to support Rambus memory. Sources told Electronic News that IBM would not likely drop Rambus without assurance that PC-133 memory would be available in high volume.
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