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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (52839)6/6/2002 7:48:17 PM
From: stockman_scott  Respond to of 65232
 
TXN Texas Instruments reaffirms outlook (28.24 -0.20) -- Update --
Reconfirms Q2 guidance (originally issued in April) that the co expects sequential rev growth of 10% and pro forma EPS of $0.06; also, co says that semi orders received in the first two months of Q2 have been strong, and as a result, the co's book-to-bill ratio is expected to be above 1 again; if the strength in orders continues, semi rev should grow again sequentially in Q3.



To: patron_anejo_por_favor who wrote (52839)6/6/2002 9:19:39 PM
From: stockman_scott  Respond to of 65232
 
Fed nominee Kohn says U.S. inflation quite low

WASHINGTON, June 6 (Reuters) - Federal Reserve Board nominee Donald Kohn on Thursday described U.S. inflation as "pretty darn low" and said the economy was at or near price stability.

"The current rate of inflation is pretty darn low, and we are getting awfully close to some zone of price stability if we are not probably already in it," Kohn told a dinner meeting of the Money Marketeers.

He declined to provide specifics on what he thought price stability was.

Kohn also said the recent rise in gold prices was more a reflection of uncertain geopolitical times rather than a signal that inflation expectations were rising in the United States.

President George W. Bush in May nominated Kohn, a veteran Fed staff member who is the Fed Board's top adviser on monetary policy, and Princeton economist Ben Bernanke, to fill two vacancies on the Fed's Board of Governors.