Rambus shares rocked by Intel shock
But now may be a good time to buy...
Intel's best efforts to prop up its Rambus connection have not left a sweet taste in the mouth of investors in the company. The company's share price lurched sharply down today after yesterday's news that Intel would apparently give succour to the PC-133 SDRAM standard. The share price fell by over $7 on Wall Street, and currently stands at just under $88. In recent weeks, the Rambus share had slightly rallied. But back in mid-August, Rambus officers off-loaded 50,000 shares. But our take on this is that the Rambus shareholders are wrong. The announcements Intel made yesterday don't change very much, and, as we reported, the chip giant has offered only crumbs to those OEMs and others who want PC-133. And Intel's share price? It rose and currently stands at around $84. ®
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