Texas Instruments - Good buy now or should we wait? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 162.23

-0.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sonki who wrote (3137)	3/2/1998 3:53:00 PM
From: jad	Read Replies (2) of 6180

Texas Instruments (TXN-Strong Buy-$58) 3/02/98 Investor Suitability: Aggressive Growth We spoke to TXN management on Friday. TXN indicated that demand for its DSPs and related products remains strong despite events in Asia and inventory adjustments by some of its customers in the wireless market. Additionally, the wireless market is seasonal, but TXN's breadth of customer base and penetration of new models is offsetting this seasonality. DRAM prices slipped back last week to the $3 to $3.25 level from the $3.50 range for 16 meg DRAMs. Asia remains under pressure, but Europe is stronger than expected where TXN is winning new designs for DSPs in new applications. TXN will hold its annual analyst meeting on March 4 th and 5 th . We expect management to be upbeat about the company's outlook since TXN has undergone a massive restructuring over the last 18 months. Texas Instruments earnings are highly leveraged and the full benefits of the restructuring are not fully reflected in the results. We reiterate our Strong Buy rating and 12-month price target of $75. ( Mona Eraiba )

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next