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 178.00

+2.6%

3:43 PM EST

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To: David E. Henry who wrote (1395)	9/18/1997 5:27:00 PM
From: Thomas G. Busillo	of 6180

David, today's DBC tech report quoted him as follows: "A lot of people don't like to talk about anything else, but [DSPs] are only about a third of their semiconductor mix. If you look at the other parts of their mix, for the most part their not doing very well." DBC also reported he disagrees w/ TI's estimate of DSP market growth at 40% and sees it coming in closer to 20%. DBC also picked up a few comments from him yesterday in their reporting of the Dan Niles earnings revision. Suffice it to say, he wasn't holding anything back. I would assume that when he talks about "other parts of their mix", he's talking primarily about their DRAM business. I'm with him in terms of being a DRAM bear, but I don't know what else he's seeing in terms of other non-DSP, non-DRAM products. Tomorrow was probably going to be a little nuts already due to triple witching. Now you have a stock that went from an intraday low of about 123 5/8 last Friday, to 139 1/4 yesterday on the heels of comments out of Robbie Stephens/Niles, and gave some back today on the BBH/Milton downgrade. So much for the "efficient market". Good trading, Tom (still short)

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