Memory chipmaker

Rambus

(RMBS) - Get Report

, down more than 25% this morning, regained eight percentage points by late afternoon when

Intel

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(INTC) - Get Report

denied reports in

Electronic Buyers' News

that it would drop Direct Rambus DRAM from every computing platform but its high-end workstations by the middle of next year. But

Merrill Lynch

said the report was no surprise and would represent a positive for Intel, which was up 0.3% after losing momentum late in the session.