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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Burgoo who wrote (25828)	7/28/1999 11:03:00 AM
From: Dave B	Read Replies (1) \| Respond to of 93625

Burgoo, Just wanted to make sure you didn't miss this latest story. Message 10687347 Dave p.s. You have to also post your source for the insider filings for it to be taken seriously. It's like doing scientific research -- others have to be able to independently duplicate your results.

To: Burgoo who wrote (25828)	7/28/1999 12:27:00 PM
From: MulhollandDrive	Respond to of 93625

Don't know if this was posted. Shares of chip makers surge in post-earnings rally SAN FRANCISCO, July 27 (Reuters) - Shares of U.S. semiconductor makers surged in a broad-based rally on Tuesday, as several factors fueled investor enthusiasm for the resurgent sector, including positive comments from some analysts. In the last week and a half, the stocks of many chip makers fell after the companies reported second quarter earnings thawere mostly in line with analysts' expectations, with the exception of Intel Corp. <INTC.O>, the world's largest chip maker. Intel reported disappointing second quarter results. "That pullback was created because the stocks had rallied before earnings," said Mark Edelstone, a Morgan Stanley Dean Witter analyst. "The average (semiconductor) stock was down 12 percent from July 16. In seven trading days, you saw a pretty good haircut." Earlier Tuesday, Erika Klauer, an analyst with Deutsche Banc Alex. Brown, said she made comments to her salesforce to buy the whole semiconductor group. "We think the selloff was way overdone," she said. Apart from the recent selloff in the stocks, other factors fueling the optimism for the stocks include a stabilization in memory chip prices, which are normally expected to decline further during the last week of July, ahead of the typically slow August, when most of Europe is on vacation. "A lot of people were fearful that DRAM (dynamic random access memory) prices would come down this week because of the summer slowdown, but they have held steady," Klauer said. Shares of Micron Technology Inc. <MU.N>, the largest U.S. memory chip maker, were up $5.75 to $57.75 in active trading on the NYSE. Some traders also said that Micron shares were also up ahead of the company's presentation at a BancBoston Robertson Stephens Semiconductor Conference later this week. Leading the NASDAQ actives was Intel, which jumped $4.75 to $67.625 after the stock was upgraded by Drew Peck, an SG Cowen & Co. analyst. Peck, who has been rather bearish on Intel, raised his rating to a buy from neutral, saying that the free PC phenomenon in 1999 is likely to generate a spike in PC demand that will help fill Intel's factories and push revenues and margins higher, at least in the next six months. "The combined effect, then, of free PCs, seasonally strong demand, and the potential for Y2K inventory building should make for a significant incremental boost to PC component makers, and, especially Intel," Peck said in a note. Other chip makers surging on Tuesday included Rambus Inc. <RMBS.O>, a designer of technology for faster memory chips, up $3.75 to 97, networking chip maker PMC-Sierra Inc. <PMCS.O>, which gained $6.5625 to $78.375, LSI Logic Inc. <LSI.N>, up $2.50 to $51.6875 and National Semiconductor Corp., tacking on $1.0625 to $26.6875. Another factor fueling interest in semiconductors is the buzz on Wall Street surrounding the initial public offering of Fairchild Semiconductor International Inc., which held a big lunch on Tuesday for investors as part of its road show. "They are certainly creating a lot of buzz in the investment community, partially because they are so broad based," said Klauer. "They started off their presentation by saying, 'tell us a market that isn't strong.'"