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To: Dealer who wrote (1076)9/13/2000 7:33:22 PM
From: Dealer  Read Replies (1) | Respond to of 65232
 
RMBS--Edelstone Reiterates "Strong Buy"
9/13/00 6:05 pm

(stolen from YAHOO--Yep! I been a slumming & want to cover my a$$ :-) dealie)

``Given NEC's leadership position in the semiconductor industry, we consider this latest development to be very significant (for Rambus),'' Mark Edelstone, a Morgan Stanley Dean Witter analyst, wrote in a report issued today.

Edelstone reiterated his ``strong buy'' rating on Rambus and a price target of $200 a share. He raised his earnings estimate for the year ending this month to 18 cents a share from 16 cents and his fiscal 2001 estimate to 45 cents from 40 cents.

Rambus's designs are used by companies such as No. 1 computer- chip maker Intel Corp. to speed software applications. Rambus says some of its patents date to 1990 and cover most of the major types of memory used in electronic devices that range from personal computers to video game consoles.

More licensing agreements are likely before year-end, and one or more of the lawsuits Rambus is currently involved in probably will be settled, Edelstone wrote in his report.

``We believe that every DRAM (memory) supplier and the concomitant logic interface suppliers will need to license Rambus's patents,'' Edelstone wrote.