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

To: Fred Levine who wrote (5994)	6/10/2004 1:42:56 PM
From: rlev	Read Replies (1) \| Respond to of 6180

In the short term (days/weeks), it's a random walk (as far as I can tell). The stock over the longer term follows the sector. There was a few big grow years after they bagged their computer and memory divisions and concentrated in on DSP and analog. Now we are in the stage where we will again reap the benefits of that transition (more based on bottom line then expectations). Plus (although I'm not sure how much it adds % wise) DLP is hitting on all cylinders. For some reason the general "talking head" community seems to be down on this sector at the moment. They have been putting out a lot FUD when the industry CEOs seem to be telling us they have a clearing field of view ... and it's UP. My thinking is that it may take a Q or two for the stock to really come around.

To: Fred Levine who wrote (5994)	6/12/2004 12:45:34 AM
From: Bilow	Read Replies (1) \| Respond to of 6180

Hi Fred Levine; Re: "his stock is very frustrating to me. The news has been good, the market growing, new products, earnings on the upper end. Yet, for a reason that I don't know, the stock has been floundering. Anyone know something I don't?" TXN is not a growth stock and hasn't been since before Reagan was elected President. My comments on it back in 1997 are still appropriate, though the multiples have come down since then: #reply-2347507 Go ahead, shock yourself. Make a chart of TXN's sales per share over the last 30 years. Now total revenues have increased, but that's mostly due to TXN buying companies, not from growth of their own business. The company made a big deal out of how fast their DSP business was growing ten years ago. A lot of investors piled on to the stock, but the hype was mostly about selling stock and making management wealthy. Maybe some of the long term buyers didn't realize that an electronics company has to grow their latest technology at gang buster rates just to keep their head barely above water. -- Carl