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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Clarksterh who wrote (141729)	3/1/2006 3:00:52 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

WSJ on why Texas Instruments is just great, great, great today ............................................. Texas Instruments Up; Goldman Sees Co Raising Outlook DOW JONES NEWSWIRES March 1, 2006 12:47 p.m. By John Shinal Texas Instruments Inc. (TXN) shares rose nearly 7% Wednesday after the stock research unit of Goldman Sachs said it expected the semiconductor maker to raise its financial outlook during a financial update next Monday. Shares recently traded at $31.90, up 6.9%, or $2.06 on volume of 19.4 million compared to average daily volume of 13.2 million. Before Wednesday, the shares had fallen more than 15% after hitting a four-year high in early January. In a research note sent to Goldman clients, analyst James Covello wrote that during a meeting with company executives this week, "TI management was adamant that the Street has been wrong to sell their stock recently." Combined with the tone of a presentation given by the company to investors at a Goldman conference, which Covello described as "so bullish," the comments led the analyst "to believe that management will raise numbers on their mid-quarter update." That update is expected after the close of U.S. markets on Monday. Texas Instruments is the world's largest maker of cellphone chips and also sells products that power televisions, calculators, printers and digital cameras. However, Covello maintained his underperform rating on Texas Instruments shares, writing that "we remain on the sidelines for the intermediate term as we believe (profit) margins are at/close enough to peak levels to warrant concern." In mid-January, TI reported fourth-quarter sales that disappointed Wall Street estimates as the Dallas-based firm struggled to ship enough product to meet demand due to inventory problems. Covello wrote that he believes the company has fixed the logistical issues that hurt TI in the fourth quarter. Analysts surveyed by Thomson First Call expect, on average, that Texas Instruments will report first-quarter profit of 31 cents a share, excluding the cost of stock options, on sales of $3.27 billion. Copyright © 2006 Dow Jones & Company, Inc. All Rights Reserved.