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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 159.04-2.0%3:26 PM EST

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To: robert w fain who wrote (3096)2/18/1998 7:46:00 AM
From: Charlie Smith  Read Replies (1) of 6180
 
Bob:

Thanks for the kind words. I think you answered your own question. Assuming no big move by the broad market over the next 3 weeks, a $52 - $62 trading range seems reasonable. Fundamentally, the song remains the same: DSP unit growth more than offsetting DRAM pricing weakness. Increasing size of DSP vis a vis DRAM makes this a happy tune for TXN over time, though. It looks like they'll take their time converting DRAM capacity over to DSP/mixed signal, with the recent announced buy-in of the JV perhaps the first of many steps.

Best regards,

Charlie
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