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To: Richard Russell who wrote (26924)	1/21/1998 4:08:00 PM
From: Richard Russell	Read Replies (2) of 53903

Wednesday January 21, 3:21 pm Eastern Time RESEARCH ALERT-Texas Instruments 98 EPS cut SAN FRANCISCO, Jan 21 (Reuters) - Cowen & Co analyst Drew Peck said he cut his 1998 earnings estimate on Texas Instruments Inc to $2.16 a share, from $2.60 previously, citing in part, continued deterioration in memory chip prices. -- Peck said he now has an estimate of $3.26 a share for 1999, saying that he expects a nice recovery in the second half of 1999, due to increased DRAM price stability and a robust digital signal processor market.

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