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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (1847)	7/24/2000 2:07:20 PM
From: Scrapps	Read Replies (1) \| Respond to of 2882

By Nicole Volpe Analysts, it depends on what they own...I guess. NEW YORK (Reuters) - Shares of Texas Instruments Inc. (NYSE:TXN - news) , the world's leading maker of computer chips for wireless communications, rose nearly 7 percent on Monday, recouping some recent losses ahead of the company's second-quarter earnings report. The shares were up 4-5/16 at 66-13/16 in heavy midday trade, making it one of the top net gainers and most active stocks on the New York Stock Exchange. The stock stood as high as 87-1/4 on June 21. Texas Instruments (TI) is expected to report second-quarter results after the stock market close. Merrill Lynch analyst Joe Osha on Monday reiterated his intermediate-term and long-term ``buy'' ratings on TI, citing the company's strong position in the market for digital signal processors (DSPs), which convert sounds into digital form. TI has the lead in the technology to create new kinds of mobile phones -- third-generation, or 3G, phones -- that will be designed for Internet access and data transmission, Osha said. The analyst shrugged off concern about partnerships for DSPs between TI rivals Analog Devices Inc. (NYSE:ADI - news) and Intel Corp. (NasdaqNM:INTC - news), and between Lucent Technologies Inc. (NYSE:LU - news) and Motorola Inc. (NYSE:MOT - news). ``We know of no other competitor that offers handset makers a roadmap to high-bandwidth 3G devices that is as compelling as TI's,'' Osha wrote in a note to clients. ``The competitive threat from the ADI/Intel tie-up has yet to materialize, and although the Lucent/Motorola Starcore is a strong architecture, uptake of that product is still limited.'' Osha said in a telephone interview that TI was one of the chip makers recovering from a sell-off last week. The Philadelphia Stock Exchange semiconductor index fell nearly 184 points last week to finish at 1082.51. ``You've got the sector as a whole recovering from a big sell-off,'' he said. However, Osha does not expect any positive surprises from TI when it reports second-quarter results. ``Although TI's core digital signal processor business continues to perform well, we believe that ongoing difficulties in the company's products for data storage end markets should limit any upside that TI might see this quarter,'' he said.

To: Jim Oravetz who wrote (1847)	7/25/2000 12:29:50 AM
From: Scrapps	Read Replies (2) \| Respond to of 2882

Just listened to the CFO of TI....remember that is the C"F"O not the CEO or the CTO. Anyway I found it very interesting as to the comments on TI's purchase of Burr Brown and the Analog word being used continuously through-out the interview. They never mentioned DSL and only said broadband once...that could be the fault of the interviewer, but was still something to brag about if the TI CFO cared to. The link is here and I'd like to hear from anyone who is knowledgeable about the technical side of the DSP product and their read on this. radiowallstreet.com