Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mephisto who wrote (5232)	9/27/2000 6:55:58 AM
From: Mephisto	Read Replies (1) \| Respond to of 6180

Texas Instruments Sees Strong Sales Friday September 22 ,5:41 PM ET By Marcus Kabel Texas Instruments trying to distance itself from a sell-off in semiconductor stocks sparked by Intel Corp., on Friday emphasized it had limited exposure to the personal computer market and maintained its forecasts for third quarter revenue growth. Intel warned on Thursday that third-quarter sales would disappoint, sparking fears that world demand for personal computers was flattening and that tech firms' earnings growth would slow. But Dallas-based Texas Instruments, the world's No. 1 maker of computer chips for wireless phones and high-speed modems, said its specialized markets continued to boom. ``We believe that where we stand now is consistent with our expectations earlier in the quarter that semiconductor revenues will grow sequentially (quarter to quarter) faster than the 6 percent rate in the second quarter,'' Texas Instruments' Chief Financial Officer Bill Aylesworth told Reuters. Aylesworth also said sales to its core wireless phone market, which accounts for 24 percent of its chip sales, would grow at the same level or somewhat faster than the 3 percent sequential increase recorded last quarter. ``Our business in digital signal processors and analog chips is highly oriented toward digital communications and broadband communications to the Internet, and those markets continue to be strong for us,'' Aylesworth said. The biggest issue facing the company right now was increasing capacity fast enough to keep up with demand, he added. The company said in July it was raising capital expenditures to $2.8 billion from $2.5 billion this year for production capacity to keep up with demand. Aylesworth said unlike Intel's, Texas Instrument's business in the personal computer market was limited, with semiconductors for hard disk drives making up 6 percent of revenues. Earlier this week the company slightly cut its forecast for wireless handset sales this year from 435 million but Aylesworth said: THE LOWER FIGURE WOULD STILL BE A 65 percent INCREASE FROM JUST OVER 260 MILLION HANDSETS SOLD IN 1999. Future growth will be fueled by so-called ``third generation'' mobile phones capable of high-speed data transfer and Internet connections, he said. dailynews.yahoo.com