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

To: Boplicity who wrote (4621)	9/9/1999 11:37:00 AM
From: Patriarch	Read Replies (2) \| Respond to of 6180

RESEARCH ALERT-Texas Instruments target raised September 8, 1999 09:41 AM NEW YORK, Sept 8 (Reuters) - PaineWebber said on Wednesday it raised its price target on Texas Instruments Inc. TXN to $110 per share from $85. -- Reiterated a buy rating. -- Set fiscal 2001 EPS estimate at $2.75. -- "Demand from all geographic regions is strong, led by the rebound in Asia. European demand continues to grow as the bulk of semiconductor sales go to the booming cellular telephone vendors, principally Nokia and Ericsson ." -- "The company is also benefiting from its strategy to address the mass market for standard analog parts. This diverse market is generally steady and not price sensitive." -- "Furthermore, shortages of standard digital logic devices have resulted in higher prices for these mature devices. Texas Instruments is the leading supplier of these parts." -- "The tremendous business success and soaring stock price is a testament to management's ability to execute a strategy that highly focused the company on attractive sectors of the semiconductor industry." -- Shares of Texas Instruments were trading down 1/8 at $91-7/16 on Tuesday on the New York Stock Exchange.