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

To: Bruce A. Thompson who wrote (34211)	11/10/1999 10:37:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

Bruce, the current PE of 263 for the "group" is because current earnings are peanuts (or losses, taking MU into account), and the market is assuming shortly to see higher earnings. On these future earnings I doubt you will see then a PE of 263, unless the market see within a time horizon of three years or so a tenfold increase in earnings (as it sees right now for the next two three years). In the meanwhile, RMBS is playing a "mark time" game seeing some heavy supply again in the $93 to $94 and support in the $88 or so area. Once this range is broken one way the other, I think we will see a larger move as well. Zeev