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

To: Redhead who wrote (3932)	7/21/1998 2:52:00 PM
From: jim A	Respond to of 6180

DSPs continue to do well at 25% growth,which isn't bad considering the bad modem and disk-drive markets. Gross margins, excluding memory, were up. Memory of course was bad and lost 0.36/share. Operating profits were 0.35 (add memory losses and you get 0.71). They also mentioned estimated annualized cost savings of $270M from the restructuring when fully implemented by end of the year. When the chip market turns around the upside earnings potential with TI is very good. This company is well position going forwrd and are in my opoinion doing very well considering soft semiconductor market demand and memory losses.

To: Redhead who wrote (3932)	7/21/1998 11:22:00 PM
From: DiamondJim	Read Replies (2) \| Respond to of 6180

I see today's rebound as being primarily due to two factors; First, yesterday's selloff was overdone. It's hard to believe that one downgrade to outperform would send the stock down that much. Probably there was a bit of a hangover from options expiring last Friday involved here. Second, the lower than expected earnings can be directly traced to losses in DRAM operations. Since remaining DRAM operations have been sold off to Micron, this will not be a problem going forward. Their primary business, DSPs, actually performed better than expected, and thus the positive reaction on the Street.