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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (28160)	1/23/2006 11:27:58 PM
From: sixty2nds	Read Replies (1) \| Respond to of 95617

18:45 TXN Texas Instruments earnings call summary (31.70 +0.04) -Update- Inventories noted to have increased from the less than desired level of Q3, with mostly all of the inventories having remained work in progress. Inventory levels, while improved, remained below co's desired levels. Semi book to bill was 1.05, down slightly from 1.06 in Q3. Co noted their previously announced divestiture is expected to close in 1H06. During Q&A, co noted their are some areas were lead times have moved out, but even in high performance analog the co has tried to keep lead times pretty stable. At the same time, co noted delinquencies are up, with co noting it should have some carry over to Q1. Co noted demand remained solid. Co noted they are trying to bring on some additional assembly test capacity. Co believes they are performing quite well relative to seasonality. Co doesn't believe there is excess DLP out there, noting they don't see what they saw last year as something they are facing this year. Co noted O.M.A.P. business is doing very well. ASPs noted to coming down but holding well to the co's expectations. The stock is trading at $31.00 in after hours.