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


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.



To: Don Green who wrote (62146)12/1/2000 1:07:51 PM
From: Don Green  Respond to of 93625
 
Rambus Reinstated `Buy' By Chase H&Q's Eric Chen; Shares Rise
By David Russell

Mountain View, California, Dec. 1 (Bloomberg) -- Rambus Inc. (RMBS) rose $5 9/16, or 15 percent, to $43 15/16 and traded as high as $44 13/16. The licenser of patented designs for computer- memory chips was reinstated ``buy'' by analyst Eric Chen at Chase H&Q, according to a report. He expects the shares to reach $48 within a year.



To: Don Green who wrote (62146)12/1/2000 1:18:20 PM
From: captain_midnite  Read Replies (2) | Respond to of 93625
 
Interesting stuff, Don.
"This is the first time I have seen any comments from H & Q about Rambus in more than a Year."

I wonder how many remember good ole Chaplinsky, really dating myself RMBS-wise now. But a 48 target, not 15% from the open? But to hear from H&Q after all this time, curious.

midnite