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


To: REH who wrote (3499)4/2/1998 10:04:00 AM
From: Ken M  Respond to of 93625
 
Bloomberg U.S. Equity Movers
Thu, 2 Apr 1998, 9:35am EST

Rambus Inc. (RMBS) rose for a second day, 3 1/4, or 7.4 percent, to 47, as the developer of high-speed chips was raised to ''outperform'' from ''neutral'' by analyst Mark Edelstone at Morgan Stanley Dean Witter & Co. Edelstone said Rambus is on track to become the next memory standard in the dynamic random- access memory market. He sees the company having annual earnings of $5 a share by 2002, and sees the stock reaching 60 in the next 12 months.

bloomberg.com