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 196.62

+1.7%

Jan 26 3:59 PM EST

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To: JP who started this subject	7/5/2000 10:31:34 AM
From: Shawn M. Downey	Read Replies (1) of 6180

SALOMON SMITH BARNEY DOWNGRADES SEMICONDUCTOR SECTOR TO NEUTRAL FROM OUTPERFORM NEW YORK, July 5 (Reuters) - Salomon Smith Barney analyst Jonathan Joseph cut his rating on the semiconductor industry to neutral from outperform on Wednesday. -- cut Texas Instruments Inc. <TXN.N> to outperform from buy. -- cut Advanced Micro Devices Inc. <AMD.N> to outperform from buy. -- cut Silicon Storage Technology Inc. <SSTI.O> to hold from buy. -- cut National Semiconductor Corp. <NSM.N> to outperform from buy. -- "Though a slowdown in the group may take six-nine months, we see 'first mover' evidence of a trend reversal in decelerating industry unit shipments ..." -- The reversal is "coupled with price declines and contracting lead times in commodity memories and passives segments that were most severely impacted in the shortage." -- Adds that sector likely to see peak capital spending growth rates this year. -- Texas Instruments off 3-1/2 to 65-1/2. -- Advanced Micro down 7-9/16 at 76-1/2. -- Silicon Storage off 10-1/4 at 88-3/4. -- National Semiconductor off 6-5/16 at 51-13/16.

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