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

To: johnny boy who wrote (4265)	2/12/1999 5:32:00 PM
From: Patriarch	Read Replies (1) \| Respond to of 6180

Texas Instruments CFO Sees 1st-Qtr Demand Rising From 4th Qtr Bloomberg News February 10, 1999, 7:33 a.m. PT Texas Instruments CFO Sees 1st-Qtr Demand Rising From 4th Qtr New York, Feb. 10 (Bloomberg) -- Texas Instruments Inc., the biggest maker of chips for mobile communications products, sees demand in the first quarter rising ''modestly'' from the fourth quarter's, Chief Financial Officer William Aylesworth said. ''This is unusual in our business,'' Aylesworth told more than 600 money managers attending the Goldman Sachs Technology Conference in New York. The most growth will come in sales of digital signal processors, or DSPs, which are used in wireless phones, and in analog chips, used in phones as well as storage products such as disk drives. Aylesworth said the Dallas-based semiconductor maker derived almost 60 percent of its semiconductor revenue from these products last year. With demand increasing, Aylesworth said the company expects to boost its operating margin to about 20 percent, ''our near-term target.'' The TI CFO also said the company wasn't concerned about a new alliance between rival DSP-maker Analog Devices Inc., and Intel Corp., the world's biggest chip company. ''There's certainly a lot of competition out there,'' he said. ''It was pretty clear that Analog Devices had to seek an alternative in the systems area.'' --David Zielenziger in New York (212) 318-2304 through the