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Politics : Formerly About Applied Materials

AMAT 235.24

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Nov 19 3:59 PM EST

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To: Proud_Infidel who wrote (28841)	3/4/1999 11:25:00 AM
From: Duker	Read Replies (1) of 70976

Texas Instruments sees modest semiconductor growth [Not terribly "newsworthy" ... but worth a look. --Duker] DALLAS, March 4 (Reuters) - Texas Instruments Inc. (NYSE:TXN - news) continues to expect moderate revenue growth in its semiconductor business, which accounted for about 60 percent of sales last year, Chief Financial Officer Bill Aylesworth said on Thursday. ''We still expect modest revenue growth in the first quarter in the semiconductor business...We continue to expect modest semiconductor growth for the year,'' he told Texas Instruments' annual conference for industry analysts. Aylesworth said the semiconductor business accounted for about 60 percent of 1998 revenues totaling $8.5 billion. He said the figure had been adjusted to exclude the company's memory chip business, which was sold last year. ''The bottom line is that there is no change in what has been our outlook for the first quarter,'' he said about prospects for revenue growth in semiconductors. The company's shares rose 3 in early morning trading to 94-15/16 on the New York Stock Exchange. The stock has a 12-month high of 104-7/8 and a 12-month low of 45-3/8.

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