Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: Boplicity who wrote (5976)	7/30/1998 8:23:00 PM
From: REH	Respond to of 93625

Intel and Rambus looking good Both post gains on chip-conference news By Barbara C. Costanza, CBS MarketWatch Last Update: 2:08 PM ET Jul 30, 1998 Index of top news Intel Corp. (INTC) shares closed up 3.5 percent on news that Daniel Niles, a senior chip analyst for BancAmerica Robertson Stephens, is bullish on Intel and "strongly" recommends the stock. "I cover more than 20 companies in the semiconductor industry, and Intel is the only 'strong buy' in the group," Niles said at a chip conference in San Francisco hosted by BancAmerica Robertson Stephens. Niles downgraded the entire group several months ago because of oversupplies. Niles told CBS MarketWatch that his $100 price target has begun to look conservative. The stock rose 3 to 87 5/8. Rambus Inc. (RMBS) shares closed up 18 percent after the company said it expects Intel to use its memory technology in all Intel chip sets by 2001. Intel, the world's largest semiconductor manufacturer, already uses Rambus systems for its high-end chips. It is expected to convert the remainder of the product line to Rambus systems by 2001, Rambus' chief financial officer, Gary Harmon, said during a presentation at the Robertson Stephens conference. Shares rose 9 3/8 to 61 7/8. See full story.

To: Boplicity who wrote (5976)	7/30/1998 8:35:00 PM
From: REH	Respond to of 93625

Rambus shares jump after earnings report PALO ALTO, Calif., July 15 (Reuters) - Shares of Rambus Inc. <RMBS.O> jumped on Wednesday after the company, which designs and develops technology that makes computer memory chips run faster, reported late Tuesday that its third-quarter earnings more than tripled from the year-ago period's. The Mountain View, Calif. company's stock was trading up $6.31 to $65.125 in afternoon trading on volume of 2.84 million shares after earlier rising as high as $67.75. Rambus late Tuesday reported net income of $1.69 million, or 7 cents a share on a diluted basis, up from $527,000, or 2 cents a share. It matched Wall Street's expectations. Analysts attributed the stock gain in part to short-covering after some weeks of volatile trading. They also pointed to investor confidence that Rambus' major licensee, chip-giant Intel Corp. <INTC.O>, will ramp up production of new chip sets based on Rambus' Direct RDRAM technology next year and thereby reap hefty royalty revenues for Rambus. Morgan Stanley Dean Witter analyst Mark Edelstone raised his 12-month stock price target for Rambus, to $80 from $60. He maintained his fiscal 1998 and 1999 earnings estimates, however, at 28 cents and 45 cents per share, respectively. "I believe that the risk associated with the success of the Rambus architecture looks limited," he said. "And we're seeing Rambus and its partners able to deliver on their timeline to make Direct Rambus ... the main memory standard for PCs." "I'm somewhat surprised that the stock has moved this much," said Raj Gollamudi, an analyst at Dain Rauscher Wessels. "But it's looking like momentum behind establishing Rambus as the standard memory (technology) for PCs is building." Gollamudi maintained his earnings estimate of 27 cents a share for the current fiscal year ending September, and 45 cents for fiscal 1999. He also maintained his 12-month target price of $70 a share.