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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 (3129)	2/28/1998 12:55:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 6180

TI,semiconductor makers off on Asia worries Reuters Story - February 27, 1998 15:51 NEW YORK, Feb 27 (Reuters) - Texas Instruments Inc and other semiconductor makers lost ground Friday as investors dumped the stocks on renewed worries that weak demand in Asia will hurt the companies' bottom lines. "Once a week, investors wake up and see this problem is not going to go away," said analyst Drew Peck of Cowen & Co. Texas Instruments fell 3-3/8 to 58-1/8, while microprocessor maker Advanced Micro Devices Inc dipped 1-7/16 to 23-9/16 in late afternoon trading. Investors took scare of chipmaker VLSI Technology Inc warning late Thursday that its first-quarter earnings and sales would fall significantly short of Wall Street expectations because of weak Asian demand for its wireless components, analysts said. VSLI shares plummeted 5-5/16 to 19-7/16. Texas Instruments, which derives about 31 percent of its revenues from Asian sales -- of which more than half to Japan -- remains "near-term cautious" about its sales there, a Wall Street analyst said. She added, however, that the company told her demand for its products was still strong, especially in Europe and the U.S. Peck, who has a long-term buy rating on Texas Instruments, said he was "quite concerned" about the short-term effect of Asia's economic slowdown on the company's sales. "We haven't seen the last of this," he added. Analysts attributed the sell-off in part to profit taking, as the sector has surged in the past six weeks. Texas Instruments, for example, saw its stock appreciate more than 50 percent in six weeks, from a low of 40-1/4 on January 9 to a high of 62-5/8 Thursday. Among other chip makers, Micron Technology Inc lost 1-13/16 to 33-3/16 and bellwether Intel Corp lost 2-1/4 to 90-1/16 Friday.

To: robert w fain who wrote (3129)	2/28/1998 12:12:00 PM
From: TREND1	Read Replies (1) \| Respond to of 6180

robert I hope you look at points A and B on the chart just emailed to you. Looks like caution on TXN Larry Dudash

To: robert w fain who wrote (3129)	3/2/1998 12:59:00 PM
From: Sonki	Read Replies (2) \| Respond to of 6180

ti strong buy at gruntal..... don't confuse ti (dsp) w. mU dram. VLSI Technology Inc. (VLSI) 19 3/16 -1/8: Gruntal & Co. lowers 1998 and 1999 EPS estimates on designer and maker of application-specific integrated circuits due to wireless customers reducing inventories, putting pressures on margins; lowers 1998 EPS from $1.75 a share to $1.10 and 1999 EPS from $2.40 to $2.00 a share; maintains "strong buy" rating on stock, although it lowers its price target from $45 to $35 a share..... Texas Instruments Inc. (TXN) 56 3/16 -1 13/16: Gruntal & Co. reiterates "strong buy" rating on semiconductor and electronics components concern after meeting with management; has a 12-month price target of $75 a share.....