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

To: slacker711 who wrote (5009)	4/18/2000 1:38:00 AM
From: Mephisto	Respond to of 6180

Texas Instruments Profit Jumps 69 Percent DALLAS (Reuters) - Texas Instruments Inc. (NYSE:TXN - news),the world's no. 1 maker of computer chips for mobile phones, on Monday said first quarter net income jumped 69 percent on demand for wireless communications. The manufacturer of the chips used in about two-thirds of the world's digital cellular phones said that on a pro forma basis, net income climbed to $470 million, or 55 cents a share, from $278 million, or 34 cents, in the year-earlier quarter. Analysts had forecast earnings of 53 cents a share for the quarter, according to a survey by First Call/Thomson Financial. But expectations that TI would beat the forecast led to a 'whisper' estimate of 57 cents, according to whispernumber.com. TI said total revenues were $2.65 billion, up 27 percent from $2.08 billion in the year-ago quarter. TI reiterated its forecast that it will reach a proforma operating margin of 25 percent by the end of 2000. Dear Slacker, I think 69% increase in profits is very good! The dollar has been high. I've heard that other multi-national US firms may do better this year because the dollar has weakened. Perhaps a weaker dollar will help TXN. Sincerely, Mephisto