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

To: MileHigh who wrote (8718)	10/16/1998 5:18:00 PM
From: jopawa	Read Replies (1) \| Respond to of 93625

Mile, At least I wasn't one of those traders who got hosed at the close, cause I'm not selling, will only buy more if it goes down. My RMBS trading is now officially over, and all in all, it was very profitable until today. I shall leave the perfect trading to genius' like Don Green!<ggg> Back to easier targets like INKT, where you are not at the mercy of news events. John / long for the duration...with fingers crossed!

To: MileHigh who wrote (8718)	10/16/1998 6:39:00 PM
From: REH	Respond to of 93625

FOCUS-Intel sees faster PCs from Micron investment Reuters, Friday, October 16, 1998 at 18:02 (Recasts, new throughout, updates stocks) SANTA CLARA, Calif., Oct 16 (Reuters) - Intel Corp., seeking to unblock what it sees as a bottleneck to faster computers, is taking a $500 million stake in Micron Technology Inc., the leading U.S. maker of computer memory chips, the two companies said on Friday. The companies said that in exchange for the investment, Intel will receive rights to buy common stock amounting to about 6 percent of Micron's shares. They said the investment was part of Intel's strategy to assure the development and supply of a new generation of faster computer memory chips. Memory chip technology has failed to keep pace with the breakneck improvements that Intel has delivered in each new generation of its microprocessors, which form the core of personal computers. Thus memory chips have become a bottleneck that has held back personal computer performance, despite improvements in the computer's basic microprocessor. "Anything that increases the overall speed of a computer is desirable," said Bill Milton, a semiconductor analyst at brokerage Brown Brothers Harriman. "Intel wants to make sure that it's not the memory that's the bottleneck." Memory devices are used in computers for voice recognition, graphics and other data-intensive applications. Currently most computers use memory chip technology known as DRAM, or dynamic random access memory. Intel's investment in Micron is designed to accelerate the adoption of a memory accelerating technology developed by Rambus Inc. called Direct RDRAM. "Our goal in making this equity investment is ensuring an adequate supply of memory components, particularly Direct RDRAM," Craig Barrett, Intel president and chief executive, said in the statement. Micron said Intel's investment will help it accelerate its development and production of Direct RDRAM chips, allowing it to begin shipments in the third quarter of next year. Despite continued growth in demand for memory chips, excess supply has caused many memory chip makers to lose money in recent years, slowing adoption of new technologies like RDRAM. In afternoon trading, Micron stock gained 69 cents to $32.44 in active New York Stock Exchange trading. Rambus climbed $1 to $62.50, while Intel slipped 25 cents to $84.31, both on the Nasdaq market.