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 190.31

+1.0%

Jan 9 9:30 AM EST

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To: Hayduke who wrote (1375)	9/17/1997 4:25:00 PM
From: Hayduke	of 6180

More from Briefing.com... TEXAS INSTRUMENTS INC. (TXN) 139 1/8 +7 13/16. Semiconductor maker is enjoying a very good day as Robertson Stephens' analyst Dan Niles makes positive comments about company's future outlook and lifts his price target on the stock to $200 from $150 a share. In addition, Mr. Niles is raising earnings estimates for 1997 and 1998 by ten cents each to $4.35 and $6.35 a share, respectively, versus an operating net of $1.46 a share in 1996 on revenues of $9.94 billion. Given that the company has divested various operations to better focus on its core products, Mr. Niles expects TXN to reach operating margins of 20% by the end of 1998, if not early 1999 versus comparable sustainable margins of 15%. The higher operating margins are expected to be achieved through a revised management compensation packages that emphasize the new company goal of seeking revenue growth and return on investment of 20%. And given the upside growth potential in the DSP chip market, which currently generates 40% of TXN's revenues, Mr. Niles seems confident that these stated company goals can be achieved in the coming year without much difficulty. The stock has recently been on a mini roller-coaster ride, dipping below $115 in late August, before mounting a comeback. Today's comments by Mr. Niles are making it easy for the stock to establish a new all-time high after an impressive gain of more than $5 yesterday.

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