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To: Dealer who wrote (26723)	7/26/2000 7:26:38 PM
From: Dealer	Read Replies (1) \| Respond to of 35685

RMBS--Report sends Rambus tumbling By Jenny Spitz, CBS.MarketWatch.com Last Update: 6:31 PM ET Jul 26, 2000 NewsWatch Latest headlines MOUNTAIN VIEW, Calif. (CBS.MW) -- A report on the chip sector by SG Cowen Wednesday sent shares of Rambus tumbling by more than 11 percent. The chipmaker closed down 9 1/2 to 75 1/2. In a research note, SG Cowen noted that Intel (INTC: news, msgs) has reversed its course on tying its Pentium 4 chips to Rambus (RMBS: news, msgs) memory. Intel is working on pairing the chip set with DDR DRAM, said the analyst. Rambus was a major loser on the Philadelphia Semiconductor Index for much of the day, helping fuel the index's 6.3 percent slide to 1,034.20. Shares got a slight boost after Morgan Stanley Dean Witter stepped in with its own report praising Rambus' stock. Analyst Mark Edelston said Intel still views Rambus DRAMs as the best long-term solution for the technology market. He maintained his "strong buy" rating on Rambus. Jenny Spitz is headline editor for CBS.MarketWatch.com.