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

To: Jim Lou who wrote (2771)	1/15/1998 5:17:00 PM
From: Harry Sharp	Respond to of 93625

Rambus stock off after quarterly forecast January 15, 1998 04:36 PM NEW YORK, Jan 15 (Reuters) - Shares of Rambus Inc slipped on Thursday after the company, which designs chip interface technology, said earnings in the next two quarters would be no better than flat compared to the first quarter's results. The company reported first quarter fully diluted earnings of $0.06 a share versus $0.04 a share in last year's first quarter. Higher royalties from a product shipment for video games contributed to earnings growth in the quarter, but these shipments could fall now that the holidays were over, it said. "Since these shipments and the associated royalties to Rambus are likely to decline in the post-holiday period, the company cautioned investors to expect earnings in the next two quarters to be no better than flat compared to first quarter results," Rambus said in a statement. The stock fell 4-1/8 to 49-7/8. The California-based company designs, develops, licenses and markets high-speed chip interface technology to enhance the performance of consumer electronics, computer systems and other electronic systems. ((New York newsdesk 212-859-1644)) REUTERS