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?

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To: pat mudge who wrote (3826)	6/22/1998 1:24:00 AM
From: DJBEINO	Read Replies (1) of 6180

Texas Instruments Closes Singapore Plant, Fires 600 Workers Singapore, June 20 (Bloomberg) -- Texas Instrument Inc., the world's biggest maker of memory chips for mobile phones, said it will close its a Singapore plant and fire 600 workers. The U.S.-based company said operations of the plant, which makes integrated circuits for disk drives, will be absorbed by an existing factory in Taipei, the capital of Taiwan. This comes as Texas Instruments sold its money-losing memory chip business to Micron Technology Inc. two days ago to restructure its business. ''The decision . . . recognizes the need for improved operational efficiencies and cost competitiveness,'' said Dennis Robbins, Texas Instruments' manufacturing operations manager.

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