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

To: jopawa who wrote (14235)	1/26/1999 4:35:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 93625

I believe from a technical point of view that RMBS is oversold at these levels. I am not suggesting that it can't go lower, even may fill the gap at 74-75, but all indicators are saying oversold. Just look at the charts. Historically, RMBS, when under its 50 DMA, has been a buying opportunity. If there is something now wrong with the fundamentals which are about 1 year away from really proving the RMBS story, then I believe that RMBS should be looked at as an accumulation stock play at these and/or lower levels if the 70's are seen. But I believe that Intel is going to dictate its will upon the marketplace and RMBS will happen and 75-85 prices will be a thing of the past. The same day Edelstone downgraded RMBS he also downgraded BRCM which dropped from a $190+ high down to $115 yesterday. BRCM up very strongly today. The BRCM chart looks very similar to the RMBS chart, except BRCM took a bigger hit and didn't drop below its 50 DMA, just touched it. I don't believe the breaching of the 50 DMA in RMBS is a major deal right now, and the fact that the MACD indicator turned negative, the stochastics are saying accumulate. If RMBS gets to the 70's, it will just be for a brief stay. MS, etc. would snap those shares right up. jmanvegas just my .02c

To: jopawa who wrote (14235)	1/26/1999 4:39:00 PM
From: Allen champ	Read Replies (1) \| Respond to of 93625

Turmoil at LG continues as workers shut eight fabs By Jack Robertson WASHINGTON -- Workers at all eight of LG Semicon's South Korean fab lines walked off their jobs today in protest against the pending acquisition of the company by Hyundai Electronics Industries Co. If the complete shutdown continued for any length of time the loss of output could reduce the global oversupply of DRAM chips significantly at a time when demand remains strong (see Jan. 25 story). The escalating labor dispute involves workers' demands that Hyundai give them seven-year job guarantees after taking over the LG chip operations. Hyundai has pledged to refrain from any major layoffs after the LG acquisition, but steadfastly refuses to provide such long-term job guarantees. The LG disruptions started last week with only work slowdowns, but escalated Monday when employees at the Chungju fab walked out. The dispute has further stymied talks between the two companies to agree on final terms of the acquisition, including the sticky question of price. Originally the two sides had predicted the purchase deal would be completed by March. However, with little progress in discussions,