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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Estimated Prophet who wrote (39316)	9/28/1998 11:32:00 PM
From: DJBEINO	Respond to of 53903

Intel-Micron Rumor Fans Expectations For Chip-Technology Firm Rambus NEW YORK -(Dow Jones)- Many investors are betting that Rambus memory-chip design will become the personal-computer industry standard. Rambus's technology, designed to enhance the performance of memory chips, is supported by semiconductor giant Intel Corp. If the architecture is adopted as the industry standard, all major producers of DRAM, or dynamic random access memory, chips would have to use the design and pay Rambus royalties. Speculation that the Rambus design will become the standard grew stronger last week, after a report that Intel is negotiating a minority investment in Micron Technology Inc., a leading DRAM maker. One reading of the reported move is that Intel is considering the investment as a way to persuade Micron to use Rambus's design and pay the royalty. Rambus's technology allows data to be transferred between chips at very high speeds and was used in the popular Nintendo 64 game machine. The company doesn't manufacture or market chips, but licenses its technology to major chipmakers. Intel would incorporate Rambus-based DRAM into its chip sets, which run a large percentage of PCs. Other companies have been pushing different technologies to speed communications between chips. But rival camps can't agree on a common competing format. Dell Computer Corp. and Compaq Computer Corp. confirmed plans to ship PCs with Rambus technology in 1999. Morgan Stanley Dean Witter analyst Mark 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. Nasdaq-listed shares of Rambus (RMBS) hit a 52-week high of $71.875 Monday, surpassing the previous high of $67.75 set July 15. At the intraday high Monday, the stock was up $6.875, or 11%. The stock slipped later in the day, however, tracking a late sell-off of technology shares. In late trading, Rambus shares were down $1.875, or 2.9%, at $63.125. The Nasdaq had been up as much as 26 points Monday, before closing the session down 4.38.