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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31998)	6/21/2000 6:41:00 PM
From: IQBAL LATIF	of 50167

<<After the Bell - Burr-Brown up sharply, TI down NEW YORK, June 21 (Reuters) - Shares in Burr-Brown Corp. (BBRC.O) rose in after hours trade on Wednesday after news from chip maker Texas Instruments Inc. (TXN.N) that it would buy the company in a stock transaction worth $7.6 billion. Shares in Burr-Brown last traded at 101-1/2 on the Island electronic trading system and 101-1/4 on the Instinet system compared with a close at 72-5/8 on the Nasdaq earlier. Meanwhile, shares in Texas Instrument, which were halted late in the day, traded at 82-1/8 on the Instinet electronic trading system against a close at 87-1/4 on the New York Stock Exchange. On Island, they were last traded at 87-1/16. Dallas-based Texas Instruments said shortly after the regular session closed on Wednesday it would bolster its position as the world's leading maker of computer chips for mobile phones and Internet-age audio and data devices by acquiring Burr-Brown. Texas Instruments said it would issue 1.3 shares of its own stock for each share in Tucson, Arizona-based Burr-Brown. The deal is expected to be completed by the end of the third quarter. Burr-Brown designs data converters and amplifiers.>>

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