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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (27253)	6/28/1999 5:06:00 PM
From: Sonki	Read Replies (1) \| Respond to of 50167

judy: re: txn from inv. letter. where r u going on vacation? and when will u come back? TXN was reiterated a "buy" by analyst William C. Conroy at Sanders Morris Mundy Inc.. The 12- month target price is $160.00 per share. Last weeks news still applies: From a TheStreet.com article, Raymond Rund, managing director of Shaker Investments notes, "The PC market drove semiconductors in prior years, and I think for the next few years it will be communications that drives it," he says. "This will be a multiyear expansion; there is a tremendous amount of infrastructure being built and a tremendous amount of bandwidth being added." From the same article, "The companies that make communications devices are benefiting from the growth of the Internet, but they are less risky than the higher-profile Net plays. 'The growth rates aren't nearly as high as Internet stocks, but they are supported by earnings,' says Ned Brines, portfolio manager with Roger Engemann & Associates."