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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: Patriarch who wrote (4576)	7/21/1999 10:05:00 PM
From: Patriarch	Read Replies (1) \| Respond to of 6180

BancBoston Robertson Stephens Raises Estimates, Reiterates Strong Buy Rating On TXN July 21, 1999 03:42 PM SAN FRANCISCO, July 21 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens managing director and senior semiconductor devices analyst Daniel T. Niles and digital media infrastructure analyst Arnab K. Chanda today raised estimates and reiterated their Strong Buy rating on Texas Instruments, Inc. TXN . The company, headquartered in Dallas, Texas, manufactures and sells electronic products. "We are raising estimates and reiterating our Strong Buy rating on Texas Instruments," said Niles and Chanda. "The company reported revenue of $2.3 billion, up 4 percent quarter-to-quarter and 2 percent higher than our estimates, with an earnings-per-share of $0.80, versus our estimate of $0.72. "We are increasing our fiscal 1999 and fiscal 2000 earnings-per-share estimates from $2.95 to $3.28 and from $3.65 to $4.10, respectively," said Niles and Chanda. "We believe there is possible upside to both revenues and margins, driven by strength in semiconductors." Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request.