Rambus Stock Climbs 5.4% on Intel News

Rambus Inc. shares increased 5.4% after the company’s president said its communications technology will be used in Intel Corp.’s computer memory controller chips by 1999. Rambus shares rose $3.38 to close at $70.63 on Nasdaq. Geoff Tate, president of Mountain View-based Rambus, said Intel and Hewlett-Packard Co. are collaborating to use Rambus’ technology to make new microprocessors, intended to replace Intel’s Pentium processors. Rambus’ technology speeds up data storage and retrieval by allowing for faster communication between computer chips. Last month, Texas Instruments Inc. said it’s planning to use Rambus’ designs as early as next year in products ranging from cellular phones to computer modems.