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

To: stomper who wrote (60705)	11/9/2000 3:44:36 PM
From: Don Green	Respond to of 93625

SG Cowen's Peck on Rambus and DRAM Prices: Industry Comment By Thomas Lau Hong Kong, Nov. 9 (Bloomberg) -- Drew Peck, a semiconductor analyst at SG Cowen, comments on DRAM prices and Rambus Inc. Peck was speaking at an SG-sponsored conference in Hong Kong. On PC prices: ``The price of the PC is probably not going to recover. Therefore companies that derived most of their sales through PCs will probably not thrive in 2001.'' ``That's why I am fairly bearish on, for example, Intel. But on the other hand am very bullish with companies that are selling to the cell phone sector.'' ``Although many of those stocks have been hit hard recently, my expectation is that it will be a very short-life phenomenon and the cell phone business will bounce back strongly by the middle of 2001.'' ``Companies such as Texas Instruments I think is a great opportunity to buy here because the valuation has gone so low.'' On DRAM market share: ``I think for the next two years the standard DRAM is still going to dominate. Beyond that, it looks like double data rate memory chips are going to take over. Within four years, DDR is going to represent more than half of DRAM sales.'' ``I think DRAM prices will be fairly stable for the next 12 months. Spot prices will always be changing dramatically from week to week. Maybe too much attention has been paid to the spot prices of DRAM. Those prices tend to be very volatile. For contract prices, that is really much more important. I think prices are going to stay within a relatively narrow range and not move by more than 10 or 15 percent, up or down.''