To: John Carpenter who wrote (2466 ) 12/13/1997 7:55:00 AM From: Irene Lynn Read Replies (2) | Respond to
John..hi..i'm a lurker and have shares of txn...been following it for a while...I think like Larry says it is in a downtrend mode just like the rest of the sox..and nasdaq too. It makes no difference what value is right now until earnings come out to determine "new" value. It's a pyschological market now. Everyone will be waiting on pins and needles for earnings. The first company, IF there is one, that comes out defeating asia woes having exposure to them whether thru hedging in other areas, will help the rest move even if it's short term till THAT companies earnings come out..It's pyschological from that point!... With txn, yeah, it feels cheap based on $70 post split highs....but no analyst will come out and say it's cheap cuz they are having a tough time putting a valuation on the stock due to the Dram/asian exposure. I read on their webpage that dram is 20% revenues but yet they have something like 38% exposure in asia. Yet, CEO says, there's a concern over the next 2-3 months with pricing pressures... but hey, no biggie..we got DSP....analyst say..DS WHAT?...
