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Politics : Idea Of The Day
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To: Jeff Jordan who wrote (26751)6/2/1999 2:05:00 PM
From: Judy   of 50167
 
Jeff, my opinion on RMBS remains the same. I've assessed the news release of IBM's defection from RMBS technology that caused the stock to tank and IBM's subsequent clarification that the migration away from RMBS was only with respective to the lower end PCs. Still expecting RMBS to hover about 69-70, although there is a recent gap at 65-67 which remains unfilled. Next support level 50-52.

The story has not change. While the Camino chip set could be yet delayed again, RMBS technology is expensive to manufacture, production and yield problems could stall rollout ... there is no viable technological alternative to date. The interim solutions are only band-aids.

The repeated questions about RMBS reminds me much of the situation on QCOM last year when it sufferred the Asian flu again and again. When the markets were caving and QCOM had broken all supports and was trading in the mid-40's, a friend asked how I would trade the stock. I said "Buy shares or leaps and wait. Support at 38."
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