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

To: MileHigh who wrote (11292)12/7/1998 11:05:00 AM
From: jopawa  Read Replies (1) | Respond to of 93625
 
Mile,

It hit the wires a few minutes ago, no doubt the pop here to 98.

10:38 [RMBS] RAMBUS STARTED WITH BUY RATING AT HAMBRECHT & QUIST.

John



To: MileHigh who wrote (11292)12/7/1998 11:27:00 AM
From: TigerPaw  Read Replies (2) | Respond to of 93625
 
H&Q -they re-initiate coverage with a buy rating

What does it mean to re-initiate coverage? H&Q have been covering RMBS since the IPO. Did they drop coverage, change analysts? Does this just mean they did a periodic update of their coverage and concluded it is still a buy?

TP (Who doesn't understand analyst speak)



To: MileHigh who wrote (11292)12/7/1998 11:39:00 AM
From: Roads End  Read Replies (2) | Respond to of 93625
 
MH…It was my understanding the vendor reports to RMBS when they ship. GAAP would most likely require RMBS to accrue the sale at that point as a receivable. The principle is to match the sales revenue to the period it becomes a legal obligation by the vendor to pay RMBS. No way would an audit accept matching sales with actual cash receipts.
Steve


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