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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (20345)	3/23/1999 11:27:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 70601

Hi Suresh. Pru didn't hold much back, did it? "Strong Buy"! Probably with a price target above its 52-wk high. FYI, I read that buycomp.com is going public later this year. Should be a hot one. BTW, Looks like I was wrong about TI's HD sales being only ~5% of total revenue. Clint ================================ Tuesday March 23, 1:15 pm Eastern Time Texas Instruments slips amid sales concerns NEW YORK, March 23 (Reuters) - Shares in Texas Instruments Inc. (NYSE:TXN - news) fell nearly 5.0 percent on Tuesday amid concerns that the computer chip maker's sales of semiconductor components to disk drive makers were slowing, traders said Monday. Its stock was among the leading net losers on the New York Stock Exchange in midday trading, off $5.50 at $95.25 on average volume. Montgomery Securities analyst Jonathan Joseph said he told clients in a note earlier Tuesday that the disk drive component market for Texas Instruments was softer than expected. ''It's 11 percent of revenues,'' he said, adding that he was reviewing his 1999 earnings estimate of $3.15 a share. ''I've been very high (on the Street).'' Joseph said he still rated the company as a buy, adding that the stock was his favorite among the large cap semiconductors. ================================