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

To: Don Green who wrote (13634)	1/15/1999 11:34:00 AM
From: REH	Read Replies (2) \| Respond to of 93625

Rambus Met 1st-Quarter Estimates, But Sees Flat Earnings Ahead Dow Jones Online News, Friday, January 15, 1999 at 11:14 NEW YORK -(Dow Jones)- Rambus Inc. met earnings expectations for the fiscal first quarter ended Dec. 31, but the chip technology developer's shares slid Friday after the company late Thursday warned investors that earnings over the next two or three quarters would be flat compared with the first quarter. Friday morning, Rambus shares (RMBS) were down $8, or 8.1%, at $90 on volume of 3.4 million shares, compared with the daily average of around 780,000. After U.S. markets closed Thursday, the company posted net income of $2.1 million, or eight cents a diluted share, compared with $1.6 million, or six cents a share, a year ago. Revenue rose 13% to $10.6 million. The mean estimate of analysts surveyed by First Call was for earnings of eight cents a share. But Gary Harmon, chief financial officer, said the company believes royalties will be down as a result of a seasonal decline in sales of Nintendo 64 video games and a discontinuation of development by two of the company's licensees, Cirrus Logic Inc. and Chromatic Research Inc., which have both de-emphasized Rambus-related product lines. Analysts are expecting Rambus to report earnings of nine cents a share for the second quarter, 10 cents a share for the third quarter, 13 cents a share for the fourth quarter and 40 cents for 1999. 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. 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 chip makers. 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. Copyright (c) 1999 Dow Jones & Company, Inc.

To: Don Green who wrote (13634)	1/15/1999 12:07:00 PM
From: DownSouth	Read Replies (1) \| Respond to of 93625

Thread (except visiting internuts) With what appears to be well over 4M sh to be traded today, mostly in the 87-88.5 range, we are establishing a new basis, are we not. Will this not protect us from profit taking in the 90-95 range, allowing the stock to be less volitale between here and 100. I am not trying to pretend to understand the dynamics of this situation. I am posting this to hear some opinions and learn. (I have paid big bucks for this schooling <g>.) Thanks in advance for a fulfilling dialog.