Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 159.33

-1.8%

Nov 14 9:30 AM EST

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To: Patriarch who wrote (4541)	7/7/1999 10:13:00 PM
From: Patriarch	Read Replies (2) of 6180

UK microchip firm ARM talks to Texas Instruments July 7, 1999 02:32 AM LONDON, July 7 (Reuters) - British microchip designer ARM Holdings Plc ARMHY said on Wednesday it was in talks with Texas Instruments Inc TXN over a licence. "The board of ARM Holdings Plc confirms that it is in discussions with several licensees including Texas Instruments. These discussions may or may not lead to existing partners licensing the next generation of ARM technology. Discussions with all of our partners are continuing," it said. ARM issued its statement after noting a rise in its share price, which in London jumped on Tuesday from 918 pence to 1033 on what dealers said was strong demand from New York. The company said the only other factor it had noted were recent positive comments from brokers. Goldman Sachs said on Friday ARM results due on July 21 would show continued high momentum and an increasing presence in new growth applications beyond handheld electronics. The investment bank repeated its "market outperformer" rating on the shares. ARM shares jumped nearly 20 percent on Friday. ((London newsroom +44 171 542 7717, fax +44 171 583 3769, uk.equities.news@reuters.com)) REUTERS

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