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

To: Vijay Raghavan who wrote (1949)	10/30/1997 10:25:00 PM
From: Bilow	Read Replies (1) \| Respond to of 6180

Wow. Those Jan 100 puts I bot a month or so ago for $2 are now bid at $8. Kinda wish I'd held them for another week or so. This puppy didn't look at all today, pretty much constant slippery slide down from 142 1/2. In fact, most of the tech stocks slid today, and closed at their lows. I suspect TXN will open tomorrow down. If we are starting a bear market, it would be useful to remember how stocks are valued during bears. (As opposed to bull market corrections.) In a bear market, the future becomes very uncertain. Investors look at present results, not future possibilities. And investors remember how to compute the fundamental ratios. In hard times, most of the tech companies will have declining sales and losses instead of earnings. Stocks will be bought based on P/S (since no earnings) and good growth stocks will get incredibly cheap. Keep your powder dry, you may seem some incredible bargains in the next three or so years. It looks like we will be entering a target rich environment, so conserve your ammunition. Look only at fundamental ratios, ignore prior stock prices, they don't matter anymore. And always buy low. -- Carl

To: Vijay Raghavan who wrote (1949)	10/31/1997 4:30:00 PM
From: Vijay Raghavan	Respond to of 6180

Friday October 31 1:46 PM EST RESEARCH ALERT - Texas Instruments raised NEW YORK, Oct 31 (Reuters) - Gruntal & Co said on Friday it raised its rating on shares of Texas Instruments Inc to strong buy from buy. Analyst Mona Eraiba said company continues to see strong demand for its DSP products. Dynamic random access memory continues to be strong, although prices remain weak. Turmoil in Asia markets likely to be a net positive for the company long-term, as manufacturing cost benefits increase with strong dollar. Raised 1997 earnings estimate to $4.10 per share from $4.02 per share.