Tuesday, April 25, 2006

WRH+Co raises Rambus Inc. target

"Due to the positive outcome of the trial, we are raising our price target from $38 to $51 to reflect this higher than expected award outcome and the potential positive business developments associated with it. In addition, we expect that there will be an upcoming catalyst to the stock in mid May when documents are expected to be released in the price fixing case, which are likely to be very damaging to the DRAM makers."
Read the WR Hambrecht + Co report linked here.

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