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

To: Zeev Hed who wrote (35738)	12/9/1999 8:17:00 PM
From: Don Green	Respond to of 93625

> The signal that the bears are in control?? Has there really been doubt? ---------------------------------------------- This was likely part of the problem today. IBM, other PC, chip shares stumble National Semi shares buck trend, jump on earnings By Janet Haney, CBS MarketWatch Last Update: 5:58 PM ET Dec 9, 1999 Silicon Stocks NEW YORK (CBS.MW) -- Shares of hardware issues faltered Thursday, compounded by falling shares of IBM, while National Semiconductor muscled up gains after it reported a second-quarter profit well above what Wall Street expected. The Philadelphia Semiconductor Index ($GHA: news, msgs) -- a key measure of activity among chip stocks -- traded down 2.8 percent to 641.72. That's about 50 points off an all-time high the index reached Dec. 6. National Semiconductor said its net income was $70.4 million, or 37 cents a share, excluding a one-time gain of $21.6 million. In the year-ago second quarter, National Semi lost $48.6 million, or 29 cents a share, minus one-time items. Analysts surveyed by First Call expected the chip maker to earn 27 cents a share. Sales for the period hit $513.9 million vs. $510.1 million in the year-ago quarter. See full story. Shares of National Semi (NSM: news, msgs) surged 5 1/16 to close at 51, after being as low as 44 3/8 in early trading. Meanwhile, Rambus (RMBS: news, msgs), a supplier of high-bandwidth chip connection technology, announced its goals for 2000. The company plans to double the speed of its highest-performance chip connection to 1.6GHz. Rambus shares fell 1 11/16 to 66 5/16. "The tech plays right now, the money's flowing into the Internet stocks. The chip stocks are kind of an indirect beneficiary of the growth of the Web," said Brian Eisenbarth, portfolio manager at Collins & Co. See Net Stocks. Chip giant Intel (INTC: news, msgs) shares lost 1 1/4 to 73 1/4. Advanced Micro Devices (AMD: news, msgs) slipped 3/8 to 29 3/8. Eisenbarth said Intel's not selling many of its high-end chips. "They've got some new chips coming out; the market's not really convinced those things are going to fly at premium prices," he added. Programmable-logic device maker Lattice Semiconductor (LSCC: news, msgs) shed 2 1/16, or 3.8 percent, to 51 11/16. PLDs let electronics manufacturers custom-program logic chips to perform their specific functions. Gateway rises on CEO shift The Goldman Sachs Computer Hardware Index ($GHA: news, msgs) crept lower 0.7 percent. IBM shares got slammed in late trading Thursday even though the company stuck to its previously-given fourth-quarter guidance during an analyst meeting in New York, yet said its Y2K concerns are "real." IBM (IBM: news, msgs) shed 4 51/128, or 3.7 percent, to 113 7/8. Gateway (GTW: news, msgs) shares rose 1 11/16 to 67 1/2 following its Wednesday announcement of a management shift. Jeff Weitzen, president and COO, was named CEO. The leadership change at the second-largest direct PC seller will take place at the end of the year. The company said Weitzen will continue to run worldwide operations. Credit Suisse First Boston maintained its "buy" rating on Gateway, calling the news "expected." U.S. Bancorp Piper Jaffray said its price target remains $55 to $60 a share. Sun Microsystems (SUNW: news, msgs) managed to move up 1 9/16 to 80 and Hewlett-Packard (HWP: news, msgs) came back to close up 11/16 to 110 1/2. Apple Computer (AAPL: news, msgs) dropped 4 13/16 to 105 1/4. Compaq (CPQ: news, msgs) was lower at 24 3/4. Storage device maker Komag (KMAG: news, msgs) raced ahead 11/16, or 23 percent, to 3 11/16.