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

To: MulhollandDrive who wrote (26616)	8/7/1999 1:01:00 PM
From: Boplicity	Respond to of 93625

You are welcome. The following along with the coming deployment and the fact that RMBS has fallen so far is the reason I started to move back into RMBS. <<David Wu, an analyst at ABN Amro, reiterated his "buy" rating on Micron as well as his six-month to 12-month price target of $70 per share. Wu wrote in a research note that he expects DRAM prices to rise toward $7 led by "strong OEM demand and significantly reduced inventories at Samsung, Hyundai/LG Semicon and in Taiwan." Wu believes these factors will help make fourth quarter "upside surprises likely to happen." "Six weeks ago you couldn't give stuff [DRAMs] away at $4, $4 1/2 bucks and now you're seeing instances where pricing is up in the $7 range," said Rick Owens, vice president of research at D.A. Davidson. "It's been a phenomenal turn in the DRAM industry which I think is carrying some of the other stocks along." The only fly in the ointment, is the health of the market. I feel it's worth the risk to have some RMBS at these prices. . Greg