RMBS>>This was a stock that was considered dead," Desai said. "But as investors begin to investigate the name more thoroughly, we believe they will arrive at the same conclusion we have come to."
Desai said Rambus had earnings power of at least $1.50 a share by fiscal 2005, up from about the 28 cents to 29 cents currently.
"Last week and even now we have an underpriced security," he said.
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