To: Don Green who wrote (62146 ) 12/1/2000 12:12:08 PM From: Don Green Respond to of 93625 Rambus gains spark chip stocks By Janet Haney, CBS.MarketWatch.com Last Update: 10:28 AM ET Dec 1, 2000 NEW YORK (CBS.MW) -- A lift in shares of Rambus encouraged other semiconductor-related stocks to rise Friday, at the end of a very volatile trading week Rambus (RMBS: news, msgs), based in Mountain View, Calif., watched its stock gain speed, after Chase H&Q reinitiated coverage on the company with a "buy" rating. "We believe there exists firm industry confirmation that Rambus' memory solution works, as witnessed by the technology adoption that has occurred across multiple high-growth segments," analyst Eric Chen wrote in a research note. As a result, Rambus shares were up $4.13 to $42.50. Rambus technology speeds up the exchange of signals between a computer's memory and logic chips. The Rambus news was a catalyst to help push the Philadelphia Semiconductor Index ($SOX: news, msgs) higher by 3 percent. Meanwhile, chipmaker Atmel (ATML: news, msgs) said its fourth-quarter is tracking in line with previous guidance, based on October and November results. Analysts surveyed by First Call predict earnings of 18 cents a share. Atmel's stock was lifted by $1.03 to $10.69 on the news. Novellus Systems said late Thursday that its revenue and earnings will be in line with expectations for the fourth quarter, but added that the company's order level will be slightly below plan. Novellus (NVLS: news, msgs) said it still expects earnings per share of 71 cents on revenue of about $415 million. Shares of the San Jose, Calif.-based company jumped $1.56 to $27.50. Fellow chip equipment makers KLA-Tencor (KLAC: news, msgs) and Teradyne (TER: news, msgs) were also on the rise in recent trading.