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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Wyätt Gwyön who wrote (48841)	11/13/2001 7:24:09 PM
From: slacker711	Read Replies (2) of 54805

Texas Instruments is estimated to earn 4 cents a share next year, its lowest since 1991. The stock is about 34 There are many valid arguments against tech stocks...you and JS have posted some of them. However, just saying that a company is only going to earn 4 cents so it must be overvalued doesnt make for a particuarly compelling case. It is an argument that is almost an exact mirror of those who said that JDSU was growing at 100% and it was going to for the forseeable future. Extrapolating whatever the current trend happens to be is a brainless activity that will eventually cost you money. It did for the holders of JDSU....and it will do the same to those who think like Comstock now. TI is an almost pureplay semiconductor manufacturer. The fact that they are likely to make money during both this and the next calendar years is a testament to the fact that they have built a profoundly different business than what they had in '91. One interesting tidbit from the TI CC's over the last four quarters is that they have seen very little deteriation in ASP's. As volume comes back so will profits.... Slacker

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