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

To: Thai Chung who wrote (2662)	12/29/1997 1:52:00 PM
From: pat mudge	Respond to of 6180

[More market news] Thanks for the great article. On a completely different scale, here's a current release from London. If anyone has word from the US, Japanese, European bank meeting in NY today, please post. Pat <<< December 29, 1997 06:30 LONDON, Dec 29 (Reuters) - U.S. stocks in London were steady to firmer on Monday, with bargain hunting amongst technology stocks featuring in otherwise negligible post Christmas trade, dealers said. "The hi-tech stocks have been beaten up in the last quarter, particularly on worries over Asia and we are now having a bit of a bounce," said one dealer. Shares in International Business Machines Corp were quoted up $1/2 at around $102-1/4, Intel Corp were marked up $3/8 at $71-1/4 and Texas Instruments Inc were indicated $3/8 higher at $45-1/4, but dealers said volume was light. Dealers said the overall market tone was firm with investors becoming more optimistic of a positive resolution to the economic crisis in Asia. However they said they would be keeping a sharp eye on the meeting of U.S. Japanese and European commercial banks in New York later today to decide whether to roll over South Korean debt. By 1201 GMT, the March S&P future rose 8.1 points to 954.00 which indicated the Dow would open about 40 to 50 points higher. The market was further buoyed by steady U.S. treasury bonds, with the 30 year benchmark issue trading around its Friday close of 103-1/16. Elsewhere, trade in London was expected to remain quiet this week with many dealers and investors being absent from their desks due to the Christmas-New Year holiday period.>>>>