SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Paul Engel who wrote (40725)11/20/1997 11:47:00 AM
From: Ibexx  Read Replies (2) | Respond to of 186894
 
Paul and other RMBS holders on this thread,

Hot from the press and read at your risk:
______

RMBS: Intel's Rambus-based Chipset Working: Raising (RMBS) Price Target to $100.

Summary:

1. We believe Intel has already achieved functional siliconfor Rambus Direct chipsets.

2. We believe his is ahead of plan and thereby reduces an element of risk for Rambus.

3. There is no change to our FY 98 and FY 99 EPS projections, but we are raising our CY98 price target to $100 from $50.

4. We reiterate our BUY rating on RMBS.
____________

As usual, the report was authored by Rob Chaplinsky who also covers INTC.

Enjoy,
Ibexx

PS: If I have some time later today, I will post some of the "math" Mr. Chaplinsky used to derive his new target price.