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To: Steve Reinhardt who wrote (2096)	10/21/1998 1:08:00 PM
From: Steve Reinhardt	Respond to of 3493

The 3 news below signified that 1999 shall be turning upwards from the dismal 1998. In the case of TI, their DSP business is growing;at IBM, Gerstner will do something a little more drastic than he did so far. semibiznews.com DRAM market to see recovery in 1999 By Will Wade SAN DIEGO--The DRAM market may expand by as much as 30% next year, a welcome change after three down years, according to Jim Handy, director and principal analyst for Dataquest's memories worldwide group. However, speaking at the research firm's annual semiconductor conference here, he said the industry will continue to lose money next year after selling below cost for most of 1999. semibiznews.com TI sales slip 8% excluding memories DALLAS--Texas Instruments Inc. here reported revenues from existing businesses were down 8% to $1.9 billion in the third quarter compared to the same period last year. In the period, ended Sept. 30, TI had diluted earnings of $0.41 per share vs. $0.60 in the third quarter 1997. The revenue and earnings per share excludes sales and losses in TI's memory business, which was sold to Micron Technology Inc. "This was an important quarter in the transition of Texas Instruments," said Tom Engibous, TI chairman, president and CEO. "With the sale of the memory business now completed, we are focusing our attention full time on widening our lead in digital signal processing and analog. The strength of these areas, even during a period of protracted industry weakness, underscores the potential they offer TI for the long term." TI said its digital signal processor (DSP) business grew by 17% over the same period a year ago. semibiznews.com Semiconductors are weak spot in IBM's earnings ARMONK, N.Y. -- Semiconductors were the spoiler as IBM Corp. announced its third-quarter earnings. "We're especially encouraged by across-the-board revenue growth in our server group, by ongoing strength in our services and software businesses, and by good improvement in our PC unit," said Louis V. Gerstner, Jr., IBM chairman andCEO. "At the same time, our semiconductor business continued to be hit hard by a prolonged, industry-wide downturn in memory chip prices.