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

To: jopawa who wrote (7549)	9/28/1998 8:04:00 PM
From: MileHigh	Respond to of 93625

I did not see this posted... ------------------------------ DOW JONES 90-DAY NEWS/RETRIEVAL Int'l News & Research Services Sequence Number : 2598 Story Date : 98/09/28 1 11:59 T =Rambus Stk -2: FY98 Rev Seen Climbing $12M To $38M >RMBS NEW YORK (Dow Jones)--Rambus Inc. (RMBS) shares gained 7% Monday on the mounting expectation that the company's chip design will become the PC industry standard. "I think it's just the continued realization that Rambus will become the next generation standard for PC memory," Morgan Stanley Dean Witter analyst Mark Edelstone said of the stock's climb. Last week, the sense that Rambus' design will become an industry standard was heightened by a report that Intel Corp. (INTC) is negotiating a minority investment in Micron Technology Inc. (MU). One reading of the reported move suggests that Intel is investing in Micron Technology to help its partner Rambus. The thinking is that Intel will convince Micron Technology to use Rambus' chip design and pay a fee for its use. Edelstone noted that if the PC market makes the Rambus chip the standard architecture for DRAMs, Rambus' revenue figures will increase. Because Rambus licenses its technology, becoming an industry standard would boost its royalties. "It will allow for dramatic growth over the next several years," he said. Edelstone is expecting Rambus to generate $38 million in revenue this fiscal year ending September and $42 million in fiscal 1999. Last year, the company reported revenue of $26 million. Rambus shares were recently up 4 1/4, or 6.5%, at 69 1/4, on Nasdaq volume of nearly 1.8 million shares. Average daily volume is 969,700. Earlier, the shares rose to a 52-week high of 71 7/8, surpassing the previous high of 67 3/4 set July 15. -Nancy Beiles; 201-938-5393 (END) DOW JONES NEWS 09-28-98 11:59 AM