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

To: Alec Epting who wrote (2487)	11/25/1997 5:04:00 PM
From: D.J.Smyth	Read Replies (2) \| Respond to of 93625

well, Alec, why not make it $16 so we can all make money with you on the short side. $12 anyone? there doesn't appear to be many signs which would indicate $12, $16, $43 or $47 right now and is pure speculation. it could well go to $70 if john q. analyst from quiggley securities concurs with H&Q (the so-called unethical person mentioned previously) or if Mr. Gates unloads his intentions for rambus if any. obviously someone is getting their jollies in this stock each day.

To: Alec Epting who wrote (2487)	11/25/1997 6:41:00 PM
From: TEColeman	Read Replies (1) \| Respond to of 93625

Alec, I'm not good at predicting exact numbers. What I feel would be fairly valued against next year's earnings projections would be around 52$, but it always depends on how pessimistic or optimistic the market becomes. They could value at 100 P/E or might decide that's too high and value at only 40 or 50 which could drop it down into the mid 20$ per share. Or they could value it at 100 P/E over this years earnings in anticipation of next years earnings growth and you would still be around the mid 20$ range. I'm only fairly certain that down is the right direction. I'm setting a target of $52 to buy back what I've shorted. That would be about 15% return which I hope to have before Christmas. one man's opinion... TEC