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

To: g grovesready who wrote (1907)	10/27/1997 6:34:00 PM
From: Keith Fauci	Read Replies (1) \| Respond to of 6180

TXN is screaming buy me.. buy me.. today's news got lost biz.yahoo.com

To: g grovesready who wrote (1907)	10/27/1997 7:08:00 PM
From: TXSB	Read Replies (1) \| Respond to of 6180

Regarding the SE Asian currency turmoil, the press seems to be missing some major points. First, for a multinational company like TI, weaker foreign currencies mean lower costs in the countries it manufactures chips. Lower costs are highly desireable in manufacturing. Second, chip makers in Japan and the rest of Asia Pacific are scaling back production capability and capital spending in response to the currency crisis. This means global supply of chips will decrease, and if demand doesn't completely dry up, prices will strengthen, even for DRAM. Third, AP economies are still fundamentally sound. They still have very high savings rates, low tax rates and put a premium on education. Perhaps most importantly, China appears to be weathering the crisis and can pull the rest of the region through the rough times. Forth, the currency crisis effectively prevents the Fed from raising interest rates. As soon as some of these positive factors come to light I think we'll see a nice bounce in TXN and other high techs that have been hammered to very attractive levels.