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

To: cellhigh who wrote (37456)	2/23/2000 6:10:00 PM
From: Barry Grossman	Respond to of 93625

cbs.marketwatch.com Rambus retreats after setting record By Janet Haney, CBS MarketWatch Last Update: 5:53 PM ET Feb 23, 2000 MOUNTAIN VIEW, Calif. (CBS.MW) -- Shares of Rambus pulled back slightly in late trading Wednesday, after exploding in the last two sessions. Mountain View, Calif.-based Rambus (RMBS: news, msgs) gave back 1 9/16 to 177, after hitting an intraday high of 203 1/16 in earlier action. The stock set a closing high of 178 9/16 in the previous session. Investors have poured positive sentiment into Rambus shares since chip giant Intel (INTC: news, msgs) announced its continued support for Rambus technology during its Developer's Forum last week. Rambus makes the interface that speeds up the exchange of signals between memory and logic chips. Shares of Rambus are up 157 percent since the first of the year. "Intel clearly stated that Rambus is a big part of their roadmap going forward," said Seth Dickson, an analyst at Warburg Dillon Read. "Now people are starting to realize the royalty revenue opportunity for Rambus going forward from the PC market. It's pretty significant." Rising shares of Rambus also have helped to boost the Philadelphia Semiconductor Index ($SOX: news, msgs), which tracks 16 chip and chip equipment makers. The sector gained 1.8 percent to 1,007.49 Wednesday and it hit an intraday high of 1,025.05. Meanwhile, Intel stock advanced 2 5/16 to 109 1/16.