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

To: RetiredNow who wrote (17395)	3/16/1999 3:05:00 AM
From: denni	Read Replies (2) \| Respond to of 93625

posting from WEEKDAY TRADER from Barron's Online. March 15, 1999 Some pros look for Intel's new Camino chipset to boost chips' graphics speed? and the prices of lagging stocks like Rambus, S3 and ATI. interactive.wsj.com "It looks good to me like a pretty good investment," says Drew Peck, a technology analyst at SG Cowen, who has a Buy rating on Rambus stock. "As long as Intel stays the course, we're barreling ahead towards Rambus as a standard." Peck's earnings estimate for Rambus is 32 cents a share in the fiscal year ending September 1999, rising to $1.12 a share next year, and then more than tripling in fiscal 2001, to $4.00 a share. Based on his figures, its P/E of 62x for 2000 and 17x projected earnings for fiscal 2001 are significantly less than its rapid short-term growth rates and its projected long-term annual earnings growth of 75%.