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

To: bhuvanarama who wrote (1933)	10/30/1997 12:39:00 AM
From: Van Vo	Read Replies (1) \| Respond to of 6180

Yes, I am sure TXN will be as "low" as $85, and your guys' dream of buying TXN @ $85/shr will be fulfilled. Don't jump in now; just be "patient" and wait for after the split on Nov. 21 and probably by Christmas you guys will be able to buy TXN at $85/shr. Good luck, /Van newsalert.com newsalert.com biz.yahoo.com biz.yahoo.com

To: bhuvanarama who wrote (1933)	10/30/1997 8:25:00 AM
From: Charlie Smith	Read Replies (2) \| Respond to of 6180

b: Several thoughts: 1. A 30 multiple is probably rich for a company growing at 20 percent, even with inflation at 2 percent. I think TXN can earn around $6 next year, so even at a 20 multiple the stock is cheap around $100. 2. Currency collapse in SE Asia helps on the cost side, but any earnings out of the DRAM JVs have to be repatriated, so the currency decline ends up hitting the equity line instead of reported earnings due to FASB rules. 3. Key questions at this point are: How much will demand from SE Asia slow due to higher interest rates/weaker economies? And have DRAM prices bottomed after a more than 90 percent decline? Semi industry forecast for 98 released yesterday says they have. Regards

To: bhuvanarama who wrote (1933)	10/31/1997 12:59:00 AM
From: bundashus	Respond to of 6180

Here is a email post I received today. Acer sd their dram problems are over. Please note the TXN has only a 33% share in this joint venture. 05:57 AM ET 10/29/97 Taiwan Acer <2306.TW> sees rebound in 4th quarter TAIPEI, Oct 29 (Reuters) - Taiwan computer giant Acer Inc said on Wednesday it expected a "significant increase" in its fourth quarter sales and profits after setbacks in the first three quarters that undermined its share price. "With rising personal computer orders and declining losses in our north American subsidiary, the company expects a significant increase in its fourth quarter sales and profits," Acer said in a statement. In the January-September period, Acer's net profit was down a year-on-year 23.14 percent to T$1.707 billion on turnover of T$44.827 billion, the statement said. The picture was improving in quarterly terms, and the fourth quarter was shaping up as the best of 1997, it said. In the third quarter alone, Acer's net profit was T$557 million, up nine percent from the third quarter of 1996. Acer's October sales were expected to hit a 1997 monthly record high of T$7 billion, it said. Acer shares had soared from early 1996 in a technologies-led bull run that pushed Taiwan's benchmark index to a seven-year high of 10,116.84 on August 26, 1997, when the market entered what has became a correction of about 30 percent. Acer shares peaked at T$111.50 in mid-July and have stumbled badly ever since, hit by poor profit performance in the first and second quarters. Acer shares have lost nearly two-thirds of their value, closing on Wednesday at T$40 after a loss on the day of T$2.9. Acer has said it had lost US$200 million in the hotly competitive north American market despite the strong following won by its stylish desktop and notebook computers. Acer, suggesting it was on the rebound, on Friday restored its original targets for 1997 sales and profits, saying Taiwan's currency depreciation had improved its balance sheet. The move reverses a downward revision of 20 percent that Acer announced on October 16. Acer's 1997 net profit target stands at T$4 billion on expected sales of T$77.7 billion. Acer had said its plan to lower its profit target mainly reflected a poor performance by TI-Acer Inc, one of Taiwan's key makers of dynamic random access memory chips, which have plummeted in price. DRAMs are a key computer component. Acer holds a 48 percent stake in TI-Acer, while Texas Instruments holds 33.34 percent. China Development Corp <2804.TW> also has a stake. In 1996, Acer recorded a net profit of T$3.06 billion on sales of T$57.5 billion. -- Taipei newsroom (886) 2-508-0815; Fax (886) 2-508-0204 -- Email: taipei.newsroom@reuters.com