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

To: gdichaz who wrote (3884)	7/7/1998 11:20:00 PM
From: pat mudge	Respond to of 6180

Motorola validates the course TI's been on since 1996: <<< July 7, 1998 Motorola Reports a Small Profit, But Says That Revenue Fell 7% An INTERACTIVE JOURNAL News Roundup Motorola Inc. reported a small profit for its latest period Tuesday instead of the small loss analysts had expected, but said revenue fell 7% compared with the year-ago quarter. For the second quarter ended June 27, the Schaumburg, Ill., electronics giant reported net income of $6 million, or one cent a share, compared with $392 million, or 64 cents a share, in the year-ago quarter. The results excluded a charge of $1.91 billion, or $2.23 a share, related to restructuring costs, including layoffs, which Motorola announced last month. The year-earlier figures also excluded special charges. Company Profile: Motorola The latest results topped the consensus estimate of analysts surveyed by First Call for a four-cent-a-share loss. Shares of Motorola rose $1.4375 to $55 on the New York Stock Exchange Tuesday. The results were released after the close of trading; in after-hours dealings, shares rose to $55.75, according to Instinet. Under the leadership of Chief Executive Christopher Galvin -- the grandson of the company's founder -- Motorola is struggling to reinvent itself in the face of a number of problems. Since 1995, Motorola has watched its grip on the wireless-communications world slip, struggled with the transition from analog cell phones to digital ones, and battled troubles in Asia and price wars in a number of markets. In June, the company announced it would lay off 15,000 workers, or 10% of its work force, and take a charge to pay for the mass firings and a consolidation of its semiconductor and paging operations. Mr. Galvin has said Motorola intends to focus on two "powerful propositions" in the future: increasing the portability and usefulness of its wireless devices and using embedded chip technology to puts its chips at the heart of everything from car engines to kitchen appliances. Robert L. Growney, Motorola's president and chief operating officer, said the latest results "reflect further slowing of demand and continuing global pricing pressure, principally in the Semiconductor Products and Messaging, Information and Media segments and driven primarily by economic conditions in Asia." "The goal of our renewal plan," Mr. Growney said, "is to generate annualized savings, once all actions have been implemented over the next 12 months, of more than $750 million. We expect to see the positive impact of these savings to steadily increase over the next several quarters." But at the same time, the company warned that it expects further trouble from conditions in Asia. "The negative impact [from the Asian crisis] on our business is likely to continue for at least the remainder of the year," Mr. Galvin said. >>>>

To: gdichaz who wrote (3884)	7/10/1998 3:18:00 PM
From: Spyder	Read Replies (1) \| Respond to of 6180

Chaz, yes TI is into CDMA, even better B-CDMA. Spyder From IDC web site: FOR IMMEDIATE RELEASE January 21, 1998 INTERDIGITAL SELECTS TEXAS INSTRUMENTS TO SUPPLY CUSTOM INTEGRATED CIRCUITS FOR B-CDMA WIRELESS PRODUCTS King of Prussia, PA, January 21, 1998 . . . InterDigital Communications Corporation (ASE: IDC) announced today that it has selected Texas Instruments Incorporated (NYSE: TXN) as its semiconductor supplier to manufacture a custom, highly integrated, chip based on InterDigital's Broadband Code Division Multiple Access™ (B-CDMA™) technology. InterDigital and its strategic partners intend to use the chip, or custom Digital Signal Processor (cDSP), to provide essential functionality in base stations and subscriber terminals for B-CDMA technology-based Wireless Local Loop (WLL) products and, in later phases, Personal Communications Services (PCS) applications. "We are pleased to be working with Texas Instruments. This new chip employs an advanced, state-of-the-art design which will greatly reduce the cost, power usage and size of new generation B-CDMA products by combining into one integrated circuit the functionality of over ten integrated circuits. In addition, enhancements will allow higher data throughput (up to 512 kbps) and user capabilities," said John Kaewell, Vice President of ASIC Development for InterDigital. "Texas Instruments has the capabilities to enable this highly flexible and programmable chip to be customized for a wide variety of applications. InterDigital and its strategic partners will be able to add new features to B-CDMA products and maintain a competitive advantage simply by developing new software," continued Mr. Kaewell. Bob Carl, America's Marketing Manager for the Texas Instruments Wireless Communications Business Unit, stated that, "We recognize the global demand for wireless telecommunications products and are pleased that our digital baseband (DBB) technology will help to develop state-of-the-art B-CDMA technology chips for InterDigital and its strategic partners. We look forward to supplying InterDigital with chips as they drive the advancement of broadband wireless telecommunications products based upon B-CDMA technology." "This is a wonderful opportunity for InterDigital as we move from design to manufacturing of next generation chip technology with Texas Instruments. We plan to use this chip for wireless local loop, initially, and later for PCS applications and beyond," explained Joseph Gifford, Executive Vice President of Business Development for InterDigital. InterDigital develops and markets wireless telecommunications systems using proprietary technologies for voice and data communications. InterDigital, in conjunction with its strategic partners, Siemens AG and Samsung Electronics Co., Ltd., is commercializing its new B-CDMA technology for use in wireless communication systems and products. InterDigitalr, B-CDMA™, and UltraPhoner are among the trademarks of InterDigital Communications Corporation. The above press release contains certain forward looking statements reflecting current beliefs or expectations as to the commercialization schedule, capability and future development of various products based on InterDigital's B-CDMA technology and the actions of third parties. Such statements are subject to risks and uncertainties. Actual outcomes could materially differ from these expressed in any such forward looking statement due to a variety of factors including difficulties or delays in the design, development, re-engineering, production, testing and deployment of products or underlying technologies; failure to achieve cost reductions; development by others of competing, technologically superior products; inability or failure of the Company's alliance and other contract partners to meet Company expectations; lack of adequate funding for technology and product development, as well as other risks detailed from time to time in the Company's SEC filings, including its 10-K filed on March 31, 1997. The Company undertakes no obligation to update these forward looking statements in light of future events.