Book busy on when Rambus hits $500
Go RMBS, go!
The big question with the Rambus Ink share price is now not whether it will reach $500 but when it will reach $500. Yesterday, the stratospheric stock managed to hit $459 during the day's trading on Wall Street, and rose over $24 on the day, closing at $445.0625. Fuelled by its use in what will undoubtedly be the successful introduction of the PlayStation 2, and in the moderately successful i820 chipset, people at The Reg are now placing bets with each other on when Rambus Ink breaches the speed of sound. Some have even suggested that RMBS will fly through the $500 barrier, no problems, and manage to reach $750 on the stock market before the 4:1 stock split which is now due later this spring. A quick check at SMC Direct this morning showed that a 64MB module of PC 700 memory stood at £300 excluding VAT (~$474), which is uncannily close to the price of one individual share in Rambus stock. However, the same site shows there is a temporary shortage of these pieces. A 128MB piece, with a lead time of two days, costs £500 excluding VAT (~$790), which may be an unduly prescient piece of forecasting about the eventual share price. At The Register, we are unclear whether it is or is not legal to put side bets on share stock. ® * Register staff do not trade in stocks they write about. See also Flame of the Week: Register scum sucking whores