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

To: Charlie Smith who wrote (2295)	12/10/1997 7:26:00 PM
From: B.REVERE	Read Replies (1) \| Respond to of 6180

Charlie, your post on Dec.2 indicates that TI acknowledged that the Asian currency problem is a short-lived one (2-3 months), but after reading up on the global impact of the devaluations going on worldwide, I am concerned less about chip pricing than the ability of a person being able to afford to buy a computer. It appears that the wealth created by the markets are now being eroded by the devaluations. How do cpq,dell gate, et al expect to maintain their growth if the world economy is being cut by 25-30%. I have been an avid investor since the early nineties and have always felt that the cash flow from mutual funds would not cease coming into the market until the boomers felt that their secure nest egg was achieved. This is different. I sold off most of my position in equity yesterday and protected with puts any stock(including Ti) that I felt could withstand the overall downturn. Ti has already had a significant correction, but I still think they could be dragged down with the overall sympathy overhanging the market. I really don't like the feel of the current conditions and for the first time in my investment career bought outright puts on a stock(cci). Their exposure in S/E asia is 40% and if their earnings miss the mark, watch out. Sorry for the rambling but I think your posts are informative and want to know if your take on market conditions have changed in the last few weeks. Regards, Bruce