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

To: Dave B who wrote (47607)	7/20/2000 11:40:20 AM
From: Scumbria	Read Replies (1) \| Respond to of 93625

Dave, Tate spent a number of years at AMD. Maybe it wore him down so much he just can't get excited. I hope not, but they do have medications available to help with this condition. Scumbria

To: Dave B who wrote (47607)	7/20/2000 12:09:04 PM
From: Estephen	Read Replies (1) \| Respond to of 93625

Rambus Falls on Concern About Royalties, Competition (Update3) By Michael Lovell Mountain View, California, July 19 (Bloomberg) -- Shares of Rambus Inc., a computer-memory chip designer, fell 7.2 percent on concern that rivals may enter the market and that some chipmakers won't pay royalty fees to license its patents. Rambus fell 7 3/8 to 94 1/2 in Nasdaq trading. The stock has risen more than fivefold this year, making it the third-best performer in the Russell 1000 Index. Toshiba Corp. and Hitachi Ltd. agreed last month to pay Rambus royalties for a broader range of memory-chip designs, avoiding legal battles over the patents. Investors are concerned that other memory-chip makers such as NEC Corp. and Micron Technology Inc. aren't likely to follow suit, said Drew Peck, an analyst at SG Cowen Securities Corp. ``People are buying this stock for its potential, and that's where there might be some changing sentiment,'' said Peck, who has a ``neutral'' rating on Rambus shares. Two of the world's largest computer-chipset designers, Via Technologies Inc. and Acer Laboratories Inc., said they will oppose an Intel Corp. plan to exclusively use a Rambus memory chip standard for Intel's new Willamette processor. Both Via and Acer said they would like to use an alternative to Rambus's standard for chipsets, called double-data rate, or DDR. Rambus's patents for chips are used by No. 1 computer-chip maker Intel to speed software applications. Rambus chip designs speed information from one chip to another in personal computers and video-game consoles. Intellectual Property Mountain View, California-based Rambus said yesterday on a conference call that the number of people working on intellectual property for the company is expanding and that it's in talks with a number of other companies over royalty payments it should be getting. The company has more than 85 U.S. patents, President and Chief Executive Geoff Tate said. ``We have put together a substantial intellectual property team, and we expect to sign additional licensees over time,'' he said. That means legal costs could rise and ``there's not likely to be a huge amount of offsetting revenue,'' Peck said. UBS Warburg analyst Gregory Mischou this morning reiterated his ``strong buy'' rating on the stock, writing in a report that Rambus's agreements with Toshiba and Hitachi, as well as the introduction this fall of Intel's Pentium 4 chip and Sony Corp.'s PlayStation 2 game console will help sales rise. ``The long-term competitive landscape is evolving in Rambus's favor and near-term the available market is expanding,'' Mischou wrote. Yesterday, Rambus said net income rose to $4.6 million, or 4 cents a share, in the quarter ended June 30, from $2 million, or a split-adjusted 2 cents, a year earlier. The results matched the average expectations of four analysts polled by First Call/Thomson Financial. Revenue rose 67 percent to $17.8 million from $10.6 million.

To: Dave B who wrote (47607)	7/20/2000 12:56:31 PM
From: Dave B	Respond to of 93625

From the August issue of Money magazine: Nasdaq And Nextel Go Nuts. (Investing/Stocks/Word On The Street)(Brief Article) Money, August 1, 2000 v29 i8 p38 By Lee, Jeanne Just when you thought tech mania was dead, the Nasdaq index is back. On May 23 it hit a low of 3165. But in the next 21 trading days, it rose 23%, powered by stocks like Rambus (up 212% since May 23) and JDS Uniphase (up 59%). One of the top performers in this dizzying rally was Nextel Communications (NXTL). It soared 54% from May 23 to June 26. Back in March and April, when the Nasdaq cracked, Nextel was hit along with most other tech names. The stock dived from $83 to $37, wiping $34 billion off the company's market value. "It got down to ridiculous levels," says analyst Cynthia Motz of Credit Suisse First Boston. ... Good press. Dave