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

To: otter who wrote (3764)	6/18/1998 1:53:00 PM
From: yousef hashmi	Read Replies (1) \| Respond to of 6180

DOW JONES 90-DAY NEWS/RETRIEVAL Int'l News & Research Services Sequence Number : 3256 Story Date : 98/06/18 1 13:50 T Kobe Steel Picks Micron Tech. For Chip Deal >KBSTY TXN MU TOKYO (Nikkei)--Kobe Steel Ltd. (KBSTY) will dissolve its joint venture with Texas Instruments Inc. (TXN) to start 64M DRAM chip manufacturing with Micron Technology Inc. (MU) of the U.S., The Nihon Keizai Shimbun reported in its Friday morning edition. With the cooperation of the Japanese company, Micron, the largest U.S. memory chip maker, is set to have the world's largest monthly output capacity of 30 million chips in 1999. The Kobe, Japan-based company set up the joint venture with Texas Instruments in 1990 to make DRAM chips. But the venture, KTI Semiconductor Ltd., plunged into the red as a result of the slump in the memory chip market since 1996. Under the agreement between Micron, TI and Kobe Steel, Micron is set to take over the Dallas-based company's 25% stake in KTI as early as August. KTI is likely to start making 64M DRAMs from spring 1999 by utilizing the new partner's cost competitive production technology. KTI has already spent Y60 billion on DRAM manufacturing facilities and will invest a further Y20 billion. (END) DOW JONES NEWS 06-18-98 01:50 PM

To: otter who wrote (3764)	6/18/1998 1:55:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 6180

otter I am short with July puts on TXN so I am watching what is going on yesterday I said that I thought they would try to take out the 55 range with a buffer because of the OI look at how many 55 June puts there are.. OI yesterday called for a close closer to 55 for Friday there was big activity in July 50 puts looks like a trade of 1125 and it appears to be a buy(but it could be a buy to close) BUT I wasnt watching real time and missed the bid and ask...just saw the trade TXN is a thinly traded stock sometimes (compared to INTC) and it is very easy for the natural ebb and flow..or manipulation..whichever theory you ascribe to...for the movement to be up from yesterday...today... be interesting to see what the OI is tomorrow on those June 50's