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

To: robert w fain who wrote (2582)	12/18/1997 3:13:00 PM
From: SteveG	Respond to of 6180

<...do you think chances are good for a strong up move the first 2 weeks of Jan?It makes sense to me that money will be trying to get back in the market....> Robert, I'll proffer an opinion on this, if you don't mind. While as you suggest, there will likely be dollars looking to be redeployed after the first of the year, I suspect until the extent of the tech slowdown /Asian concerns are more defined, through perhaps several quarters of earnings, but certainly at least through Jan., many funds will be selling into any technical rallies. Where will they go? For one, I would guess some would continue getting back into drilling. I expect purer telecom plays will be hot throughout 98 as RBOCs and AT&T posture for dominance. And I've done great in CVC, and I think select cables will continue being attractive. But with further tech concerns and potential preannouncements ahead, technology will be somewhat challenging shorter term. Steve