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Rambus shares drop
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September 2, 1999: 11:03 a.m. ET
Memory firm falls after Intel begins support of non-Rambus technology
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NEW YORK (CNNfn) - Shares of semiconductor firm Rambus Inc. plummeted in morning trading Thursday after news that Intel would create chipsets compatible with non-Rambus technology.
Rambus (RMBS) shares were down 7-5/8 to 87-5/8 shortly before 11 a.m. Thursday as investors interpreted the move as hurting Rambus' longer-term outlook.
Intel and Rambus have been tight partners, with Intel saying its chipsets -- the peripheral processors used in a personal computer -- would utilize Rambus' memory chip technology.
Indeed, Intel reiterated earlier this week that it would still rely heavily on Rambus technology, creating a development forum to promote technology based on the Rambus model.
However, at the Intel Developer Forum in Palm Springs, Calif., Wednesday the company said it also would develop chipsets compatible with Intel's standard 133 MHz memory.
Chipsets working with Intel's standard memory would be cheaper than those from Rambus and some computer makers have sought the less expensive alternative, at least until the price of products with Rambus technology come down.
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Rambus
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