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 162.13

+1.7%

1:44 PM EST

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To: FastC6 who wrote (5219)	9/7/2000 5:55:38 PM
From: Michael F. Donadio	Read Replies (1) of 6180

Hi Snake, At least we agree on TI. Michael Murphy's latest investment newsletter is hot on TI and is urging all to buy it. Wall Street Hands Us Another Great Stock TXN and other suppliers to the cell phone industry took a hit recently when Nokia said third quarter earnings will decline because customers are delaying phone purchases until new models are available. This is a product transition to Internet-ready phones that use more sophisticated electronics. It’s actually good news for Texas Instruments, but Wall Street—big surprise—didn’t see it that way. (I’ve actually heard two completely different stories about Nokia’s problems, the product transition explanation and another one that parts shortages are slowing production. I’ve checked with other communications chip companies, and none of them are seeing weakness in orders from Nokia, which means either the product transition explanation (building inventory) or the parts shortage explanation (orders are still high) could be true. In either case, TXN’s business should not be impacted, and I’m not concerned. After selling the unpredictable DRAM operation, DSPs are accelerating Texas Instruments’ growth, with quarterly revenues advancing from $2.44 billion last September to $2.55 billion in December 1999, $2.65 billion in March and $2.84 billion in June, up 19% from last year. They should hit $3 billion in the current September quarter. He expects TXN to be $90 by years end and a $120 by next year. Go PTSC, Michael

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