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

To: MulhollandDrive who wrote (8556)10/14/1998 5:51:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
It's all in the forward look and news, because-

1- +5% revenue growth -vs- last qtr
2- income flat -vs- last qtr
3- EPS .07 -vs- .07 last qtr
4- GM this qtr 18.8% -vs- last qtr 19.7% (but 12.0% on YE 9/30/97)
5- current tax rate = 40% (not an issue just a comment)
6- Net margin 18.0% -vs- 18.5 last qtr
7- Big Positive though is royalties revenues +40% -vs- last qtr
8- deferred revenue decreased -vs- last qtr
9- Current ratio declined from 3.32 to 2.85 (but still very solid!)

RMBS has a SOLID balance sheet. But my main thesis has been that the LT story for RMBS has never looked better, but I wonder how patient WS will be with lackluster growth qtr to qtr, remembering that one analyst estimates FY '99 revenues to be $42M versus just reported $38M (only a 10% increase or 2.5% per qtr).

That is why we all say it is all in the call, but barring any new comments made by management and/or "new" news, I do not see RMBS making any big SUSTAINED moves to the upside anytime soon. Next spring is another issue!

Just my .02!

Regards,

MileHigh



To: MulhollandDrive who wrote (8556)10/14/1998 5:51:00 PM
From: Gary Wisdom  Respond to of 93625
 
After market trading in Rambus

Before the report, all the offers at 61 1/8 were snapped up.

After the report, there were 4 trades. First was 1700 shares at 61 1/8, 2nd was 1000 shares at 61, 3rd was 500 shares at $59 and last was 500 shares at $59.

Don't know about you, but means nothing to me. If there was good or bad news, it sure would have traded much more than that.


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