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

To: jopawa who wrote (8227)	10/8/1998 12:24:00 PM
From: wily	Respond to of 93625

Just a guess (daytraders) A guy on the Dell thread last night suggested 38-40 for a bottom (before the earnings rumor was out). It's hard to believe, but earnings disappointments, especially lately are murder. Very hard market to trade. If you go long you worry that your company may announce that they ran out of coffee in the break room and the stock drops 30% on the news. from a newsletter I get

To: jopawa who wrote (8227)	10/8/1998 12:25:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

Great write up on Rambus The Motley Fool's Market Movers (Ups) The Motley Fool - October 08, 1998 12:20 October 8, 1998/FOOLWIRE/ -- Rambus Inc. (Nasdaq: RMBS) rose $1 23/32 to $52 15/32 as chipmaker Advanced Micro Devices (NYSE: AMD) announced that it will license the company's Direct Rambus memory interface technology for use in its future logic chips. AMD added that the 800 MHz test chips for its program are already "functional at full speed." Women's fashion retailer AnnTaylor Stores Corp. (NYSE: ANN) strutted $5/8 higher to $21 1/4 after announcing an 8.5% year-over-year rise in September same-store sales. The company added that its gross margins in the fiscal third quarter will be at least 300 basis points (or 3%) higher than a year ago, resulting in Q3 EPS about $0.08 above the First Call mean estimate of $0.28. Women's casual clothing and accessories retailer Chico's FAS Inc. (Nasdaq: CHCS) picked up $5/16 to $13 3/4 after reporting an eye-opening 30.7% year-over-year increase in September same-store sales. Total sales rose 45.8% in the period to $10.6 million, even though the company said 26 of its stores were closed for at least one day during the month due to Hurricane Georges. Internet trade show, magazines, and websites firm Mecklermedia Corp. (Nasdaq: MECK) gained $6 3/16 to $26 3/8 after agreeing to be acquired by fellow business media company Penton Media (NYSE: PME) for $29 per share in cash, or about $274 million. The purchase price represents a 44% premium to Mecklermedia's closing price of $20.19 per share yesterday. Computing products distributor CHS Electronics (NYSE: HS) tacked on $13/16 to $6 13/16 after pre-announcing fiscal Q3 sales of $2.2 billion, which is in line with the firm's previous expectations. Despite seeing some softness in its Latin American business during the quarter, CHS said the overall demand for its products "remains strong." British information technology consultant and systems integrator ECsoft Group PLC (Nasdaq: ECSGY) advanced $1 3/8 to $12 3/4 after saying it "knows of no reason... based upon the company's business or financial condition" for the recent decline in the share price of its American depositary shares. The firm's shares have slid 45% since Sept. 30. Network switching and diagnostic systems designer Tekelec (Nasdaq: TKLC) climbed $7/8 to $11 1/2 after the local telecommunications division of Sprint (NYSE: FON) agreed to use the company's MGTS 2000 product to test and monitor its local Signaling System 7 network in 22 regional signal transfer points. Enterprise storage management software firm Legato Systems (Nasdaq: LGTO) was lifted $1 1/2 to $31 3/4 thanks to a Tucker Anthony upgrade to "strong buy" from "outperform." Commercial real estate lender and equipment leasing firm Resource America (Nasdaq: REXI) rose $1/2 to $8 13/16 after receiving an unsolicited $15 per share cash buyout bid from Radcliffe, Mitchell and Weiss, which identified itself as a privately held investment firm with interests in real estate and other investments. Resource America said it is "endeavoring to learn more" about the bid. For complete market coverage written by investors, for investors, click over to www.fool.com.