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

To: Angela who wrote (2897)	1/23/1998 3:25:00 AM
From: pat mudge	Respond to of 6180

[Bear Stearns restarts TI with buy] <<<NEW YORK, Jan 22 (Reuters) - Bear Stearns restarted coverage on shares of Texas Instruments Inc with a buy rating, a source at the brokerage firm said on Thursday. -- Further details not immediately available. -- Stock closed at 48.>>> <<<NEW YORK, Jan 22 (Reuters) - Gruntal & Co said on Thursday it lowered its 1998 earnings estimates on shares of Texas Instruments Inc to $2.80 per share from $3.10 per share to reflect reduced industry growth because of the Asia crisis. -- Analyst Mona Eraiba also said lower forecasts are due to continued depressed dynamic random access memory (DRAM) chip prices. She also revised her price target to $75 per share. -- "Management revised downward the semiconductor industry growth forecast for 1998 to 10 percent from 14 percent as a result of the Asian situation and the weak DRAM market," she said in a research note. -- Stock down 7/8 to 47-1/8.>>> Angela -- Mark Haines is anchor for CNBC's Squawk Box, a morning investment talk show. If anyone has either of these analyst reports, could you post? Thanks. Pat