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

To: Don Green who wrote (79265)	10/17/2001 9:04:13 PM
From: Don Green	Read Replies (1) \| Respond to of 93625

Intel Earnings Lift Chip Stocks But Rambus Falls By TSC Staff 17 Oct 2001 Semiconductor bellwether Intel (INTC:Nasdaq - news - commentary - research - analysis) was up 1.6% in mid morning and was buoying many chip stocks. After the close Tuesday, Intel posted third-quarter revenue of $6.5 billion, down 25% from a year ago. Earnings before acquisition-related charges fell 77%, to 10 cents a share, from 41 cents a year earlier. Both figures were in line with estimates compiled by Thomson Financial/First Call. Intel also forecast fourth-quarter revenue of $6.2 billion to $6.8 billion, matching earlier guidance. The company said fourth-quarter gross margin would inch up to 47% from 46% in the third. Those figures roughly match Wall Street's estimates. Other semiconductor stocks were also trading higher. Texas Instruments (TXN:NYSE - news - commentary - research - analysis) was up 1.1% Advanced Micro Devices (AMD:NYSE - news - commentary - research - analysis), which is due to report earnings after the close, was up 1.7%. Memory chipmaker Rambus (RMBS:Nasdaq - news - commentary - research - analysis), however, was down 12.7%, turning lower after rising preopen. Rambus late Tuesday posted earnings of 6 cents per share excluding items, down from the year-ago 49 cents but ahead of the Street's consensus of 4 cents. The company also authorized the repurchase of up to 5 million shares. But this morning, the stock was downgraded by analysts at Morgan Stanley and J.P. Morgan