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

To: MulhollandDrive who wrote (5826)	7/21/1998 12:06:00 PM
From: KM	Read Replies (1) \| Respond to of 93625

Chaplinsky leaving - who will give us the gas now? Note they call Rambus a "bandwidth" company - I like that - rather than lumping it in as a semiconductor company. Top Stories: H&Q's Chaplinsky Cashes in His Chips By Eric Moskowitz Staff Reporter 7/21/98 12:01 PM ET "No more earnings seasons for me." Those are the relieved words of Hambrecht & Quist analyst Rob Chaplinsky, who is leaving the sell side and heading off to the tech venture capital firm Mohr Davidow Ventures. "The window of opportunity was there," explains Chaplinsky, who was at H&Q for two years as its semiconductor analyst. "And every private start-up wants to get liquid." Chaplinsky -- who joins Mohr Davidow as a partner -- will help the VC firm bring semiconductor start-ups public, something he has previously done on the investment banking side for H&Q, still the most significant tech boutique independent on the left coast. If Chaplinsky were a betting man, he says, he believes H&Q will remain independent. "Some say that it is inevitable for the company to merge, but I think at least for the near term, the company will stay unattached." In the last year, tech researchers Robertson Stephens joined with BancAmerica (BAC:NYSE), which then merged with NationsBank (NB:NYSE) and its recently acquired unit, NationsBanc Montgomery, pushing Robbie Stephens out of the fold to be snapped up once again, this time by BankBoston (BKB:NYSE). Surprisingly, all this activity hasn't hastened a shake-up at H&Q, though it may have raised the firm's profile and made H&Q analysts more attractive to competitors. Two weeks ago, Dr. A. Rachel Leheny, H&Q's biotechnology analyst, left H&Q for Warburg Dillon & Reed, but most H&Q analysts are still on board. For his part, Chaplinsky says he's happy to be leaving a transactional business for an operational one. One transaction he has in common with Mohr Davidow is helping underwrite Rambus (RMBS:Nasdaq), a bandwidth company that the VC firm helped bring public in early 1997. Before his stint at H&Q, Chaplinsky spent seven years at Intel (INTC:Nasdaq), where he held various product and technical marketing positions in multimedia, video processing, process technology, portable computing and 64-bit architectures.