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


To: Ibexx who wrote (5423)1/4/2001 1:04:38 AM
From: kumar  Read Replies (1) | Respond to of 6180
 
from cbs marketwatch.com :

"Wednesday, January 03, 2001

TXN downgraded on slowdown
--8:00 am - By Emily Church
Anticipating that the "the catalog DSP and analog business are exposed to weakening global demand," analyst Mark Edelstone at Morgan Stanley Dean Witter on Wednesday downgraded shares of Texas Instruments (TXN: news, msgs) to neutral from an outperform rating. While he sees the "wireless end-markets slowly recovering," he says in a note to clients that TXN has the largest DSP and analog portfolio is the largest in the world. He cut his 2001 earnings per share to $1.40 from $1.60. The consensus estimate from analysts for the year is $1.53, according to First Call."



To: Ibexx who wrote (5423)1/4/2001 9:12:57 AM
From: Hayduke  Read Replies (1) | Respond to of 6180
 
Ibexx,

I received 2 emails from MSDW. The first, sent pre-market, was a heads-up that MSDW was lowering their rating on TXN - it's dated Wed, 3 Jan 2001 07:22:13 (PST). This is presumably why TXN opened lower yesterday.

The full report was sent later, dated Wed, 3 Jan 2001 14:05:32 (PST).



To: Ibexx who wrote (5423)1/4/2001 9:52:50 AM
From: slacker711  Read Replies (2) | Respond to of 6180
 
The MSDW downgrade of TXN is available here....

multex.multexinvestor.com

Absolutely nothing new....it was downgrade based on the macroeconomic conditions (there was a virtually identical downgrade of ADI two days ago).

Slacker