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

To: Mephisto who wrote (5262)	9/27/2000 9:45:54 AM
From: Ibexx	Read Replies (1) \| Respond to of 6180

Texas Instruments buy rating reiterated NEW YORK, Sept 27 (Reuters) - Merrill Lynch on Wednesday reiterated its buy rating on Texas Instruments Inc. (NYSE:TXN - news), the world's No. 1 maker of computer chips for wireless phones and high-speed modems. -- Has price target of $105 on the stock. -- Said ``Recent action in TI's stock price seems to suggest that the company's third quarter earnings outlook is at risk. Our checks suggest that is not the case.'' -- Left third quarter earnings estimate of 34 cents and fourth quarter estimate of 37 cents unchanged. -- Slightly reduced wireless revenue estimates for the third and fourth quarters but said ``Better performance from other end markets for TI is taking up the slack.'' -- Said ``We believe that the stock has more than discounted any negative developments between now and the end of the year.'' -- Texas Instruments' shares finished at $48-9/16 on the New York Stock Exchange Tuesday. The stock has a 52-week high of $99-3/4 and a 52-week low of $37-7/8. Ibexx