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


To: ABC FINANCIAL who wrote (1983)11/5/1997 3:27:00 PM
From: JP  Respond to of 6180
 
Jorge,

I agree. With the tremendous growth potential of DSP's and all of the
bad news of DRAM on the table TI looks very attractive. In my estimation it's trading at a fair price right now with limitied downside and the potential to return 50%+ over the next year. And that's assuming that memory prices stay depressed; if worldwide demand for memory ever exceeds supply again watch out. I'm also looking for TI to make at least 1 major annoucement of a new acquisition during the next 6 months; with all of the cash on hand and the tremendous success of the SSI buyout last year it would seem to be a logical progression.

During the recent pullback I've increased my 401K so that the vast majority of it is invested in TI shares. The new shares that I picked up were in the $115-$118 avg range. This position will be volatile but the upside potential over the next year just looked too good to pass up. It sounds like you're very bullish as well. In my opinion I don't think TI has ever before been more well positioned or managed to
take advantage of growth opportunities. I really feel that they are
on the verge of explosive growth and will soon begin to show us the money. Maybe you can share more of your insight into the next few years of TI's voyage.

Later,

JP

P.S. Sorry for some of the comments directed at you earlier in the year. I guess we were both a little out of line.