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

To: Barry Grossman who wrote (37206)	2/15/2000 7:40:00 PM
From: sam	Respond to of 93625

Hot Stocks Tue, 15 Feb 2000, 7:30pm EST Rambus Up for 2nd Day on Expectations for Intel Support By John Stebbins Mountain View, California, Feb. 15 (Bloomberg) -- Rambus Inc. shares surged 36 percent to a record close, the second straight gain for the stock on expectations that Intel Corp. will reaffirm support for Rambus's computer-chip technology. Rambus rose 40 19/64 to 151 47/64 in trading of 14.6 million shares, almost 12 times the three-month daily average. The stock earlier reached an all-time high of 172 and was the fifth-most active by value in U.S. markets. At the Intel Developer's Forum today in Palm Springs, California, company Vice President Patrick Gelsinger said, ''there's a real benefit'' from Rambus technology that becomes more apparent as chip speeds increase. ''I expect that Intel will be very supportive of Rambus as a key part of their processor roadmap,'' said Seth Dickson, a Warburg Dillon Read LLC analyst, who rates Rambus a ''strong buy.'' Santa Clara-based Intel, the world's largest computer-chip maker, is using Rambus's technology in its race against Advanced Micro Devices Inc. to get ever-faster chips onto the market. Mountain View, California-based Rambus's memory-chip standard was used in Intel's 820 chipset that was released in November. At the forum, Intel showed off a new microprocessor, code- named Willamette, running at 1.5 gigahertz, or 1.5 billion electrical pulses. The microprocessor, which Intel expects to sell in the hundreds of thousands by the end of the year, will rely on other chips that use Rambus technology to help it achieve speeds that are nearly double that of its fastest chip today. Rambus licenses its technology to memory chipmakers and others and receives royalties in return. Viking Components Inc. said yesterday it will supply Rambus-based memory modules to computer makers Compaq Computer Corp., Dell Computer Corp., Hewlett-Packard Co. and International Business Machines Corp. Last fall, Intel delayed for a second time chips that supported Rambus technology after it discovered a problem with some computers. Computer makers had initially balked at using Rambus because of higher costs during a time of falling prices for their machines. Yesterday, Rambus said that memory chip makers Samsung Electronics, Toshiba Corp. and NEC Corp. are increasing their production to meet demand for chips used in high-speed computers and in gaming devices such as Sony Corp.'s new PlayStation 2. Rambus shares rose 26 percent yesterday. Dickson said Rambus's share price today probably was amplified by investors buying shares to cover short positions, or bets that the stock will fall. Intel shares rose 2 1/8 to 112. Advanced Micro rose 11/16 to 43 15/16. bloomberg.com