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?

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To: puborectalis who wrote (5270)	10/2/2000 12:53:28 AM
From: Ibexx	Read Replies (1) of 6180

Texas Instruments unveils chip for Web music devices (UPDATE: EMBARGOED UNTIL MONDAY OCT 2 00:01 EASTERN TIME) NEW YORK, Oct 2 (Reuters) - Texas Instruments Inc. (NYSE:TXN - news) on Monday unveiled a new chip for Internet music devices, which uses advanced power management technology that would allow the devices to play for as much as 70 hours on two AA-sized batteries. The new digital signal processor, which together with analogue technology converts real world sound such as voice and music into digital data, is being released to consumer electronics companies, who will use the chip in their designs of devices for the 2001 holiday season. The Internet audio devices allow for music and other audio material to be downloaded from the Web or compact discs and then played on the go. The chip's small size allows Internet audio player manufacturers, such as Sony Corp. and Toshiba Corp. , to make the devices in popular, small forms. One Sony version is reportedly not much bigger than a thick magic marker. The market for Internet audio products is forecast to grow to $17 million in 2001 from $3 million in 2000. TI had a 48 percent market share of the DSP market in 1999, followed by Lucent Technologies Inc. (NYSE:LU - news) with 25 percent, according to market researchers Forward Concepts. Ibexx

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