Intel, AMD, Rambus all gain
Chip tech stocks go bonkers on Wall Street
Share prices on chip companies AMD, Intel and Rambus all showed strong gains on Wall Street yesterday following up-beat and over-heated predictions by financial analysts. But, as we point out in a separate story today, a chimp may well perform better than a financial analyst in any head-to-head guessing competition. Intel (ticker: INTC) showed gains of $1 9/16 to close at $91 1/4 on Wall St, while AMD (ticker: AMD), leaped to $36 1/4, up 3/4 on the day. Rambus (RMBS), which has betrayed Marjorie Daw behaviour since June last year, rocketed by $5 1/4 on the day, to close at $82 7/8. Intel will report its Q4 earnings when its Satan Clara HQ opens for business later on today, while AMD will report its Q earnings on January 19 next. Many US analysts are predicting that Intel will do well when it reports its Q results. We will be watching, in particular, how well sales of its Pentium III microprocessors performed during the period. Readers who followed our advice to buy AMD stock last August will hopefully have made a killing -- for months Chimpzilla's stock bumped around at the $16 mark. ® See also Wall Street chumps lose out to chimp
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