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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 176.31+0.1%Dec 19 3:59 PM EST
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To: jbershad who wrote (2684)1/2/1998 12:20:00 AM
From: pat mudge  Read Replies (1) of 6180
 
[ Bell Labs. . .]

<<<No matter Western Electric in Pa. before the break up of
AT&T, was an outstanding development arm of bell labs. >>>

I don't know where you were headed with the Bell Labs discussion, but I'll add my 2 cents and let those more knowledgeable correct where I'm wrong.

I believe Western Electric broke off of Bell Labs and became WesCom --- led by RC Penny, the first maker of local loop teleco equipment. At some point they were bought out by Rockwell International in what must have been a hostile takeover b/c after the deal was complete (1980?), the top engineers left and started their own company which they called Westell. Robert C Penny (pere) wasn't involved but some time down the road when the company needed money, he was approached and became a large shareholder. The current Penny --- RC the third --- controls approximately 80% of the company, though takes no administrative role whatsoever.

I believe the original Bell Labs is part of Lucent. And speaking of LU, what are the chances TI will do an ADSL chip for them?

Hey, glad you had a great ski trip. Or at least I hope it was great. I'm trying to figure out when to go and where. I'll probably do Tahoe (Squaw) early in February and maybe Whistler before the season's over. My favorite is Snowbird in Utah and knowing me, that's where I'll end up. :)

BTW, who won the Rose Bowl? I just got back from seeing LA Confidential and I haven't heard.

Later ---

Pat
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