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

To: jad who wrote (3315)	3/30/1998 8:51:00 PM
From: db	Respond to of 6180

Brown Bros. Cuts Texas Instruments To Short-Term Avoid NEW YORK (Dow Jones)--Brown Brothers Harriman & Co. cut its rating on Texas Instruments Inc. (TXN) to short-term avoid from short-term hold, citing a continuing decline in prices of memory chips. Brown Brothers analyst William Milton said his long-term rating on Texas Instruments remains market perform, but that 1998 looks like an "essentially flat year." He cut his 1998 earnings estimate to $2 a share from $2.20 a share. In addition to falling memory-chip prices, the company suffers from a 20% exposure to Japan, where semiconductor demand is declining "at double digit rates," Milton said.