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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 155.00-2.7%3:59 PM EST
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To: Dr. Arvind who wrote (2773)1/9/1998 1:09:00 AM
From: SteveG  Read Replies (1) of 6180
 
<..I thought if MU move up, TXN should be up more without downgrade today, any comments?..>

I think MU is seen as the purer DRAM play. Traders took the reports that the unregulated spot DRAM prices had a (short term) bounce as a trading opportunity for an already beaten up MU. I think without the downgrade, TXN may well have been up a bit, or at least flat, but I am looking for more DRAM and general tech earnings weakness, and further selloff in both TXN and MU.

my 2 cents
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