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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 161.21+1.2%Nov 24 3:59 PM EST

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To: nord who wrote (3876)7/5/1998 2:40:00 PM
From: Larry Brew  Read Replies (1) of 6180
 
nord, << dream on >>

Surely you don't believe industry is going to let TI stand alone
in the DSP world. IBM has already said they plan to take TI head on
in the DSP sector. Intc months ago committed to entering the digital
world. 1st plan was to build in Forth Worth, the finances changed
their plans to convert the Israel plant.
TI clearly has a step up, but keep in mind the other 2 players
have both the assets and technology to make DSP another commodity
business. Noticed TI's track record on commodities? It's called sell-
off, not compete. They will certainly be strong over the next couple years, but few survive long term when selling core businesses.
Long term I see TI as a management only company, with ownership
in other semi producing companies. Two work force reductions in 2
years makes not a growth company. I'm looking to buy in again after
earnings. Should be a great 6 month hold after that.
Note: hello Jim, give Kevin my best and that I'll be cheering on
the Giants, but he needs to upgrade those fabs with CYMI. :-)
Larry
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