In a research note, analyst Mark Edelstone said chip giant Intel (INTC: news, msgs) is plugging its support of Rambus technology. He said Intel's 820 chipset will be ready to support Rambus DRAM-based PC introductions before the end of the third quarter.
Intel has "qualified" memory chips made by Hyundai and Infineon that use Rambus technology. Micron Technology (MU: news, msgs) has said that development of memory chips that use Rambus technology is its most important initiative, according to Edelstone.
The analyst also said he expects Advanced Micro Devices (AMD: news, msgs) to announce later this summer that its new Athlon K7-based chipset will support Rambus DRAMs.
The analyst set a 12-month price target of $150 and set earnings estimates of 32 cents a share for 1999 and 80 cents in 2000.