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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (11584)	11/3/2000 5:32:32 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

RMBS--Rambus helps lift chip stocks By Janet Haney, CBS.MarketWatch.com Last Update: 4:55 PM ET Nov 3, 2000 NEW YORK (CBS.MW) -- Massive gains in shares of Rambus helped push the semiconductor sector into positive territory Friday. Rambus (RMBS: news, msgs) shares jumped $14.31, or 28 percent, to $64.94 after Morgan Stanley Dean Witter reiterated his "strong buy" rating and $200 price target on the stock. Analyst Mark Edelstone also increased his fiscal 2001 earnings per share prediction on Rambus to 55 cents from 45 cents, following news that Elpida Memory and Samsung signed licensing agreements for Rambus memory. Elpida is a joint DRAM memory venture formed by NEC and Hitachi in September. Edelstone believes that Rambus will "capture royalties on the bulk of the industry's DRAM and logic interface revenue." Earlier in the week, Rambus shares plummeted on word that Intel might be pulling away from using the company's technology. See full story. Intel calmed Rambus investors' fears when it reconfirmed its commitment to using Rambus' technology. Meanwhile, the Philadelphia Semiconductor Index ($SOX: news, msgs) added 1.1 percent to 740.61. The index tracks the stock movement of 16 chip and chip equipment stocks. Intel (INTC: news, msgs) shares shook off gains achieved Thursday following its analysts meeting. The stock fell 75 cents to $45.94. Chip gear stocks also were lower in trading action. Applied Materials (AMAT: news, msgs) lost $2.56 to $49.44 and KLA-Tencor (KLAC: news, msgs) shares shed $1.31 to $32.19. Applied Materials will report its quarterly results on Nov. 15.