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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 (4608)	8/24/1999 7:52:00 PM
From: Patriarch	Read Replies (1) \| Respond to of 6180

Texas Instruments rescinds a buyback plan August 24, 1999 04:32 PM DALLAS, Aug 24 (Reuters) - Computer chip maker Texas Instruments Inc. on Tuesday said it rescinded one of its share repurchase programs to meet the requirements for its acquisition of Telogy Networks to qualify as a "pooling of interests" for accounting purposes. Under the company's buyback program associated with its long-term incentive plan, Texas instruments repurchased 5.5 million shares since September 1997. With the cancellation of that buyback program, the total number of shares that the company is authorized to repurchase was decreased to 2.3 million from 4.7 million. The 2.3 million shares are associated with the company's employee stock repurchase plan. On June 2, the company said it would buy Telogy, a closely held provider of embedded communications systems, for $435 million in stock. Shares of Texas Instruments Tuesday closed up 2-13/16 to 79-3/8 on the Big Board and hit a 52-week high.