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

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

TXN 171.16

+1.8%

1:12 PM EST

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To: yousef hashmi who wrote (3765)	6/18/1998 2:34:00 PM
From: pat mudge	Read Replies (1) of 6180

RESEARCH ALERT - Texas Instruments raised Reuters Story - June 18, 1998 14:10 NEW YORK, June 18 (Reuters) - BancAmerica Robertson Stephens analyst Dan Niles on Thursday raised his rating on Texas Instruments Inc. to buy from long-term attractive. -- Cut fiscal 1998 earnings estimate to $1.80 a share from $2.10. -- Maintained 1999 estimate at $3.00 a share. -- In a research note, Niles said the estimate reduction was based on expectation of losses in TI's DRAM business, but expected company to "dramatically reduce its exposure (to DRAM business) by year end..." -- Set 12-month price target of $75 a share based on 25 times 1999 estimate. -- Shares rose 2-1/2 to 53-5/16.

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