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To: Johnny Canuck who wrote (40798)	3/9/2004 12:50:30 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69291

15:08 TXN Texas Instruments: Preview of Mid-Qtr update (30.73 -0.74) Texas Instruments is set to provide its Q1 mid-qtr update tonight after the close. Oppenheimer expects co to tighten its Q1 guidance to the high end of its range, to $0.20-$0.22 in EPS and $2.85-$2.95 bln in sales, vs guidance of $0.16-$0.22 and $2.72-$2.95 bln. Firm says analog sales will likely increase by a high-single digit to double-digit percentage in Q1, reflecting the combination of strong demand and an improving pricing environment for standard linear ICs; they expect unit shipments of wireless handset ICs to show better than seasonal strength due to healthy resales of handsets and generally low handset inventories; and they think TXN should benefit from stronger than seasonal sales of consumer electronics as consumers upgrade to digital audio, video, and television equipment. Firm expects higher analog utilization, increased pricing on standard linear and standard logic, and a sequential decline in depreciation charges to allow the co to generate an incremental gross margin above 70% for the qtr. [Harry: This confirms the strength seens by TQNT]