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

To: pat mudge who wrote (3812)	6/19/1998 12:46:00 PM
From: Xpiderman	Read Replies (1) \| Respond to of 6180

This BancAmerica Robertson Stephens research analyst Dan Niles has a VERY bad record and reputation. He upgraded AMD in its high 30s with BUY a few months ago, look how low AMD is trading today: high teens! I like TXN a lot. But I hesitate to buy TXN when I see this Dan Niles come out and upgrade TXN. Who knows if he has been selling AMD and TXN after his upgrades. Taste bad, XyZ

To: pat mudge who wrote (3812)	6/19/1998 5:55:00 PM
From: Thomas G. Busillo	Respond to of 6180

Pat, funny, but the Niles PR seems to leave out a few minor points: According to Briefing.com Niles downed TXN from a buy to a L-T attractive 12-15-97. Let's see. It closed @ 40 7/8 the previous session, 12-12-97. Downside: low of 39 5/8 (-3.05%) Missed upside: high of 67 (+63.91%) If Robbie Stephens wants to release their "research" as PR to the public a day after it actually ocurred (the report of the upgrade appeared yesterday on Dow Jones) - fine (okay, maybe not so fine <g>). But how pathetic is this: ...upgraded Texas Instruments (NYSE: TXN) to a Buy yesterday based on the belief that the imminent divestiture of the DRAM business combined with improving DSPS business in 2H:98 would drive the stock. The first part came true after the close yesterday..." Uh, and we're supposed to think this is "prescient"? Herb Greenberg had a very prescient mention in his thestreet.com column yesterday: archive.thestreet.com The NYT two weeks ago. Other publications in the interim. So please PR lackeys, don't try the old "look, he's a genius" schtick. People are just a little too smart. You're guy had it as a buy, lowered it to a L-T attractive, and now has it back as a buy about 10 points higher. And what's up with mentioning a rumor or a pending deal as part of research? Niles upped AMD back when Asthok Kumar @ Piper Jaffery was getting everyone in a lather a while back over rumors that IBM was going to make some kind of investment in AMD. AMD made a strong move up to 30, nothing happened, and of course since then has been practically halfed. And for the piece de la resistance what happened today? The big guys who "bought the rumor" may have "sold the news" and maybe started getting ansty about earnings. I don't have any great insights on TI. IMHO, the deal's a good thing, it's a solid company long-term, but tech's going to be tricky for the rest of the summer. This PR just hits on two of my little "pet peeves" in life - sell-side analysts and public relations: both very dubious "professions" <g> Have a good weekend, Tom