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

To: KM who wrote (71398)	4/30/2001 11:04:28 PM
From: Dan3	Respond to of 93625

Re: ...the buying opportunity we've been waiting for. I've been picking up some COVDE for $1 recently (down from $64). Perhaps you can look forward to the same opportunity with RMBS. So far, though, RMBS seems to be holding up in the market, so maybe you won't get your "opportunity" after all. Dan

To: KM who wrote (71398)	4/30/2001 11:50:40 PM
From: Don Green	Respond to of 93625

Rambus Fair Value??? KM> what is fair value for the stock for RDRAM only. Since when is the market FAIR!!! I guess the best guess would be to go back to the price and prospects for Rambus before the legal issues came to the forefront. Then take those numbers and reduce them by maybe 60-70 percent and that should be somewhat reasonable. I guess since that number was projected before the 4 to 1 split you need to then divide it by 4. So use this for a starting point... Message 13261291 Rambus Shares Surge on Analyst Comments Story Filed: Wednesday, March 22, 2000 6:07 PM EST SAN FRANCISCO (Reuters) - Shares of Rambus Inc.(RMBS.O), a developer of a technology to speed up computer memory chips, surged Wednesday after a Morgan Stanley Dean Witter analyst set a new price target of $500 a share. Rambus soared 31 percent to 350-3/8 on the Nasdaq stock market, where it was the biggest net gainer, after Morgan Stanley analyst Mark Edelstone said in a note to clients that recent events, such as an endorsement from chip giant Intel Corp. (INTC.O), suggest that the Rambus investment story is on track. Rambus develops a technology that speeds up computer memory chips, so they can keep pace with increasingly faster microprocessors. The company licenses its designs to memory chip companies, which pay royalties to Rambus. But the stock has been controversial as some memory chip makers are reluctant to pay royalties on a more costly technology. ``We believe that Rambus offers significant earnings power,' Edelstone said in his note to clients. ``Since we believe that Rambus DRAMs (chips) will account for half of the overall DRAM market by 2003, we believe that the company's three-year growth rate will exceed our prior expectations, and we have adopted a three-year (2000-2003) compound annual growth rate of 130 percent.' Edelstone's comments came after Rambus shares tumbled sharply on Monday and Tuesday, due to investor jitters about the political situation in Taiwan, a home of several chip companies, and after negative comments on one Web site about Rambus's memory-enhancing technology. OK how about this for a price in the next 12-18 months. of course that all depends on the overall market's behavior (70-20-10)!!! So how about this for fair value in the next 12-18 months $500 - 70 Percent = 150 divided by 4 = $37.5 Fair Value $37.5 in 12-18 months.. Anyone has a abacus? Regards Don