Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TREND1 who wrote (2657)	12/30/1997 11:42:00 AM
From: pat mudge	Respond to of 6180

Stock action Larry -- Have any idea why TI's falling so fast? Is it tax-loss selling or has there been news I've missed? Thanks in advance. Pat

To: TREND1 who wrote (2657)	12/30/1997 11:46:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 6180

[news] Sorry, I found the answer to my question: <<< TAIPEI, Dec 30 (Reuters) - TI-Acer, a joint venture of Acer Inc of Taiwan and Texas Instruments Inc , said on Tuesday it was further lowering its 1997 financial forecasts due to slumping world prices for memory chips. TI-Acer said in a statement that the chipmaking venture was expected to report a net loss in 1997 of T$4.6 billion, far beyond its October projection of a T$1.87 billion net loss. The company revised its 1997 sales target down to T$11 billion from T$12.4 billion.>>>> Since TI's dropping this business, why are they getting hit? When a stock gets hit unfairly, it creates a good buying opportunity. I'll watch until it settles. Pat