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

To: Estephen who wrote (30456)	9/24/1999 2:02:00 PM
From: Allen champ	Respond to of 93625

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 24, 1999--BancBoston Robertson Stephens managing director and senior electronics analyst Daniel T. Niles today downgraded Rambus, Inc. (NASDAQ:RMBS), to a Long-Term Attractive rating from a Buy. Rambus designs, develops, licenses and markets high-speed memory interface technology to enhance the performance of consumer electronics, computer systems and other electronic systems. "We are downgrading Rambus to a Long-Term Attractive rating from a Buy, as we believe that the company's infrastructure for a large-volume transition to new technology will take longer to build than anticipated," said Niles. "In addition, we believe that the current version of Intel's Camino chip-set, which supports Rambus, has bugs and could potentially be delayed yet again," said Niles. "In our view, the slow growth of the high-end PC market and the spiking DRAM picture is also negative for Rambus. Especially with the Taiwan earthquake problems and already high DRAM prices, it is unlikely that PC OEM's would pay even more for Rambus product." "We believe that most PC OEMs are now planning to adopt Rambus in first-quarter 2000 at the earliest," said Niles. "We believe first-quarter 2000 RDRAM volume for PCs could be 1 to 2 percent."