Rambus share price dives again
$500 forecast over-optimistic? AMD rises to new high
The share price of Rambus (RMBS) fell by a precipitous $47.9375 on Wall Street yesterday, to end the day's trading at $209. That followed a sharp decline on the share price the previous day, when the price dropped by $37.5625. Although tech stocks on Nasdaq declined in general, following the declaration that Microsoft was guilty of antitrust action two days ago, the drop in the price of Rambus shares was far steeper than of other, comparable high tech companies. AMD managed to buck that general trend, with its price closing at an all time high of $61.125. During the day, AMD's stock price managed to reach $64.5 during one point. Intel (ticker INTC) also managed to buck the trend, and moved up by $2.125 to close at $132.75. At one point, on March 14th last, Rambus stock hit $471, and the way its stock has slumped continues to show the see-saw way effect that has had investors in a tizzy for months. ® See also Tom's Hardware gives Rambus fresh kicking Rambus faces antitrust allegations Morgan Stanley's vote for a $500 Rambus
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