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To: DavidG who wrote (36417)	7/22/1998 12:46:00 PM
From: Bipin Prasad	Respond to of 53903

Texas Instruments Inc. (TXN) 59 1/16 -1 7/8: Gruntal & Co. reiterates "strong buy" rating on semiconductor and digital signal processing devices as Q2 results are in lien with expectations; however, lowers earnings estimates as memory business remains a concern; digital signal processing business driven by strong wireless demand with weakness persisting in mass storage and modems; Q3 expected to be transitional period as company will continue to suffer from DRAM problems and seasonally slow quarter in semiconductor sector; by Q4 results should improve as TXN exits from the DRAM market; lowers FY98 EPS from $2.10 to $1.80 and FY99 from $3.30 to $3.00 a share.....