TXN: $134 11/16 => +30\% in 4 Wochen!!!!! - 500 Beiträge pro Seite

[aggie]

Die TXN Aktie hat in den letzten Wochen bewiesen, welches Potential in Ihr steckt. Das 99er Kursziel sehe ich nach wie vor bei $170 Dollar, wobei eine Anhebung des Kursziels nicht ausgeschlossen wird.

Die Wachstums Prognosen des DSP Marktes fuer die naechsten Jahre liegen bei ca. 30 - 40% pro Jahr. TXN ist Marktfuehrer im Bereich DSP mit einem Marktanteil von 42%.

Weiterhin sieht es auf dem DLP Sektor fuer die naechsten Jahre sehr vielversprechend aus.

aggie

[aggie]

Company Press Release

SOURCE: Texas Instruments Incorporated

Lucasfilm Ltd.`s Star Wars: Episode I - The Phantom Menace Digital
Demonstration Signals Public Debut of Texas Instruments DLP Cinema
Projection Technology

DALLAS, June 16 /PRNewswire/ -- Texas Instruments (TI) will show its highly regarded DLP Cinema(TM) digital projection technology to public audiences for
the first time beginning June 18th in conjunction with Lucasfilm Ltd`s digital demonstration of Star Wars: Episode I--The Phantom Menace. Showcasing at the
AMC Burbank 14 in Burbank, CA and the Loews Meadows 6 in Secaucus, NJ, the digital demonstration gives movie buffs the opportunity to view the first
all-digital showing of a full-length motion picture in broad theatrical release from a leading movie studio.

This history-making event introducing digital projection to movies has been compared to the showing of ``The Jazz Singer`` which introduced ``talkies`` to movies in
1927. To highlight the significance of this historic occasion, TI will provide commemorative tickets to all attendees, with the first 10,000 attendees receiving a
special ticket jacket.

``TI is delighted to be working with George Lucas, Lucasfilm, Twentieth Century Fox, AMC, and Loews to give movie audiences a chance to see the future of
movies while that future is still being created,`` said Bob England, Senior Vice President and Manager of TI`s Digital Imaging division. ``It`s time for audiences to
be part of the collaborative team creating the future of cinema.``

Instead of using the traditional canisters of celluloid film, the movie was transferred to a digital master under the supervision of Lucasfilm`s THX Group, drawing
upon its years of experience with high quality film transfers and film presentation. THX oversaw that the digital masters were downloaded into a digital storage
system at the theatres. The digital storage system will feed the digital master of the movie to the projector, and TI`s DLP Cinema projection technology will
deliver all-digital images to the screen.

Chosen to participate in the digital demonstration by Lucasfilm Ltd., DLP Cinema projection technology, which is based on Texas Instruments Digital Light
Processing(TM) (DLP(TM)) technology, brings notable benefits to all segments of the movie industry as well as for movie-goers.

For movie audiences, the benefit comes from seeing images which surpass those of film -- especially after a movie has been showing for several weeks:
digitally-projected images don`t suffer from the same deterioration over time that film-projected images do.

For movie theatre owners, digital technology brings numerous benefits including the ability to provide a more memorable audience experience, the ability to react
more quickly to changing demand and the opportunity to derive new income streams from, for example, live broadcasts of major sporting or musical events. In
addition, the DLP Cinema prototype projectors are designed to easily integrate into existing theatre environments, using industry standard lamps and lamp houses
such as the Strong Ultra 80 from Ballantyne that are part of the prototype system being used for this demonstration.

For movie distributors, the all-digital approach provides solutions to their recurring concerns about the physical distribution of film; the high cost of film prints, the
number of film prints needed, reduction of piracy and cost effective management of distribution.

Texas Instruments believes that, as the only all-digital projection/display technology currently in commercial production, DLP is the `natural` projection technology
in the digital future of cinema. The digital fidelity and digital stability of DLP Cinema projection technology has been specifically developed for use by the movie
industry in a collaborative effort with the industry, and offers advantages to everyone involved with movies, from creators to audiences. Welcome to the future of
cinema.

Today, TI supplies DLP subsystems to more than twenty-five of the world`s top projector manufacturers, who then design, manufacture and market DLP-based
projectors. Over the past three years, DLP-based projectors have consistently won some of the audio-visual industry`s most prestigious awards, including, in June
1998, an Emmy Award from the American Academy of Television Arts & Sciences. Since shipments began in early 1996, TI has delivered over 165,000 DLP
subsystems to its customers. There are now over fifty DLP-based products in the marketplace.

At the heart of TI`s DLP Cinema projection technology is an optical semiconductor chip that has an array of 1,310,000 (SXGA) mirrors. These tiny mirrors
operate as optical switches within TI`s prototype DLP Cinema projector to create a high resolution, full color image.

NOTE: Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of digital signal processing solutions, the
engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company`s businesses also include materials and controls, educational and
productivity solutions and digital imaging. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information on TI`s DLP technology can be found on the World
Wide Web at http://www.ti.com/dlp.

Digital Light Processing, DLP, DLP Cinema, Digital Micromirror Device and DMD are all trademarks of Texas Instruments. All other products and names may
or may not be trademarks or registered trademarks of their respective companies.

SOURCE: Texas Instruments Incorporated

[aggie]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[aggie]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[aggie]

E*TRADE Exclusive!
When the Market Heads to the Hamptons,
Here`s a Way to Profit
By James J. Cramer, TheStreet.com

Portfolio managers take the summer off. You don`t. That`s their loss and your
gain. How do you profit from the annual summer abdication of star managers to
Nantucket, Martha`s Vineyard and the Hamptons? You take advantage of one
of the great unknown principles of money management. You take the other
side of the summer lock-in trade. Haven`t heard of this methodology? I believe
it. I didn`t know it either until my wife, and at that time trading partner,
explained it to me in 1989. We were having a bang-up year in `89, hitting the
ball out of the park, up 35% headed into July. The hedge fund game was still
new to me then. It was my third year, but the first full year run with my wife,
who had worked on big money management desks all her career until she
joined me. I didn`t know the ways of big money.

So it shocked me when I heard her on the phone to some real estate agent
while I was at the office. She was talking how we would take a place, sight
unseen, on Martha`s Vineyard for the month of August. "Who are you renting
that for?" I asked her, as I knew of no plans to go away.

"Us," she said. "We`re done for the summer. We are selling everything and
going away for a month."

"But," I said, "we have some big winners. We have some great stocks..."

No matter, she assured me. Next thing I knew we were cashed out and
boarding the ferry to Martha`s Vineyard for the most fun summer of my life. We
had "locked in" the gains. From then on, every summer where we were
comfortably beating the market, we "locked in." And we are about to do it
again.

What`s this have to do with your portfolio? Pretty simple. When we got to our
vacation spot, the beach was so thick with professional money managers who
had "locked in" their gains that I swore I would put in orders specifically to take
advantage of the annual summer selling of winners. I began to recognize a
pattern that works each year that the market has gains -- as it has this year.
The strongest stocks wilted routinely in July and August as winning managers
sold them off to go on vacation. (Losing managers don`t have enough winners
to lock in, and they can`t go away if they are behind the market.)

So, with that in mind, here are the six stocks I am hoping get punished
because they are winners, as well as the prices at which I want to buy them
with comfort. In five of these cases (all noted below), I have small long
positions. These are essentially "placeholders" so I can add to them when
winning managers cashier these stocks and head to the beach. Believe me,
though, without the lock-in, these stocks aren`t bargains, and I am not "big" in
any of them up here. If they keep going up, in fact, it`s likely I will cut back my
positions. Only the kind of annual summer profit-taking I look forward to gives
you that edge you need to pick these up at depressed levels relative to their
strong fundamentals.

1.Broadcom (BRCM:Nasdaq). People describe Broadcom as the next
Intel (INTC:Nasdaq). If the regional Bell operating companies had done
their jobs and made their wiring useful for the Net, then I wouldn`t make
a bet on Broadcom. But they didn`t, and now Broadcom is making chips
that make the Net work best. This company is smoking and is
extremely expensive. It is a huge, huge winner. If it goes below 90, I will
be there in spades.
2.Texas Instruments (TXN:NYSE). I still can`t believe this company
could reinvent itself making communications chips in a way that
reminds me of a great growth company in its early stages. This stock
rocketed through the low 100s like an ICBM. I don`t see any earnings
problems that could knock it down, and I have bought a little stock all
the way up here. However, I am hoping that this giant winner gets
clobbered by some summer lock-in action, so I can add to my long
position under 115, where I feel it represents can`t-miss potential.
3.EMC (EMC:NYSE). Perennially expensive and perennially rewarding,
EMC is always too high. That`s why I am hoping winning managers
want to take something off the table to let me in. I would feel confident
owning this storage and software company below 45.
4.Conexant (CNXT: Nasdaq). Like Texas Instruments, this company is
producing the communications chips of tomorrow, today. Many
companies spin off dogs; occasionally they spin off winners. This stock,
recently cast off by Rockwell (ROK:NYSE), is the best of the litter. I
have a small long position in the stock, but I long to purchase it big-time
below 45.
5.Nokia (NOK:NYSE ADR). It dominates in cell phones and I want in. Its
stock has had a breathtaking run this year, as it seems to have had
almost every year. What can knock this one down to a size where I
would feel comfortable adding to my small long position and buying it
hand over fist? How about below 70 when some mutual fund decides to
lock in the gains?
6.Tyco (TYC:NYSE). It`s forced my hand this year. I have had to come in
and buy this company after a double, as every acquisition it has made
has turned to gold. If Broadcom is the next Intel, this one may very well
be the next General Electric (GE:NYSE). This high-growth
conglomerate, however, has generated such huge returns for money
managers that you have to accept that it will succumb to some giant
summer profit-taking. I want to be ready any time this stock dips below
80 to load the boat up with this one.

Disclosure: James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At
time of publication, his fund was long Broadcom, Texas Instruments, Conexant, Nokia and Tyco.
His fund often buys and sells securities that are the subject of his columns, both before and after
the columns are published, and the positions that his fund takes may change at any time. Under
no circumstances does the information in this column represent a recommendation to buy or sell
stocks. Cramer`s writings provide insights into the dynamics of money management and are not a
solicitation for transactions. While he cannot provide investment advice or recommendations, he
invites you to comment on his column at [e-mail]

TheStreet.com and E*TRADE are not affiliated parties. The information provided does not
constitute a recommendation by E*TRADE to buy, sell, or hold any security, financial product, or
instrument discussed therein and is available only to customers located in the United States. This
information neither is, nor should be construed, as an offer or a solicitation of an offer to buy or
sell securities by E*TRADE. E*TRADE does not offer or provide any investment advice or opinion
regarding the nature, potential, value, suitability, or profitability of any particular security,
portfolio of securities, transaction, or investment strategy, and any investment decisions you make
will be based solely on your revaluation of your financial circumstances, investment objectives,
risk tolerance, and liquidity needs. Research provided has been prepared by TheStreet.com and
not by E*TRADE and is the exclusive property of TheSteet.com. Opinions and estimates
expressed herein reflect the judgment of TheStreet.com as of the date of the relevant article and
are inherently subject to change without notice and may become dated. Employees of
TheStreet.com may have interests in the securities of the companies described herein and may
make purchases or sales while these articles are in circulation.

[aggie]

31.6.99 TXN: bereits bei $144

Neues 1999er Kursziel: $180

Neues 2000er Kursziel: $250



PS: Read the TXN: Researchmaterial Thread and you will understand, why TXN is rising and will outperform Intel as well as IBM.

Howdy,
aggie

[aggie]

Company Press Release

SOURCE: Texas Instruments Semiconductor Group

DSP Designing Made Easier With New Texas Instruments Development
Tools

Free Evaluation Tools 30-Day Trial Offer Available

HOUSTON, July 1 /PRNewswire/ -- The most comprehensive software development environment in the digital signal processing (DSP) industry, Code
Composer Studio(TM), is now available from market leader Texas Instruments (NYSE: TXN - news; TI). This development suite reduces design engineers`
coding time by up to 50 percent, enabling faster time-to-market for DSP applications. For the free evaluation tools 30-day trial offer and more information,
please visit http://www.ti.com/sc/ccstudio." target="_blank" rel="nofollow ugc noopener">http://www.ti.com/sc/ccstudio.

Code Composer Studio incorporates Code Composer(TM) Integrated Development Environment (IDE) and debugger, real-time analysis enabled by
DSP/BIOS(TM) and Real-Time Data Exchange(TM) (RTDX) technologies, a highly efficient C compiler and assembly optimizer and advanced data and
system visualization. Using existing JTAG-based hardware, real-time analysis lets developers trace and monitor a DSP application while it runs in real-time
without halting the processor. This allows developers to quickly find and fix subtle timing problems that may occur during the final phases of a project. In
addition, Code Composer Studio`s extensible plug-in architecture enables designers to seamlessly integrate plug-in tools from TI`s third-party network. The
cumulative timesavings throughout the development cycle permit developers to focus on DSP application innovation and product differentiation.

Code Composer Studio currently supports the TMS320C6000 DSP platform and is slated for the `C5000 platform in 4Q99. Code Composer Studio is
available from TI distributors, authorized resellers and can be purchased from TI`s web site at a suggested price of $2,995 (US), which includes the DSP/BIOS
licensing fee. There are no run-time royalties.

The worldwide leader and pioneer in digital signal processing solutions since 1982, Texas Instruments provides innovative DSP and mixed signal/analog
technologies to more than 30,000 customers in the computer, wireless communications, networking, Internet, consumer, digital motor control and mass storage
markets worldwide. To help customers get to market faster, TI offers easy-to-use development tools and extensive software and hardware support, enhanced
by its extensive network of third party DSP solutions providers that produce more than 1,000 products using TI technology.

Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of digital signal processing and analog
technologies, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company`s businesses also include materials and controls,
educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at
http://www.ti.com.

[aggie]

Thursday July 15, 4:11 pm Eastern Time
Company Press Release
SOURCE: Texas Instruments Incorporated
Texas Instruments Board Declares 2-for-1 Stock Split
DALLAS, July 15 /PRNewswire/ -- The Board of Directors of Texas Instruments Incorporated (NYSE: TXN - news) today declared a two-for-one stock split in the form of a 100 percent stock dividend on the common stock, payable on August 16, 1999, to shareholders of record July 30, 1999. For every one share of TI common stock held on the record date, the stockholder will receive one additional share. Certificates representing the additional shares will be mailed on or about August 16, 1999.

The Board of Directors made the decision to split the stock in order to broaden TI`s ownership base and increase the number of shares available for trading. TI`s last stock split was in November 1997.

The Board of Directors also declared a quarterly cash dividend of 8.5 cents per share of common stock, payable August 16, 1999, to stockholders of record July 30, 1999. The cash dividend paid on August 16, 1999, will be paid on a pre-split basis. This dividend will be 4.25 cents per share when adjusted for the stock split.

The Board elected to hold the dividend at its current rate, reflecting a pattern typical of high-growth, high-technology companies where the focus is on capital appreciation and growth.

Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of digital signal processing and analog technologies, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company`s businesses also include materials and controls, educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com.

SOURCE: Texas Instruments Incorporated

[ica]

Hallo aggie,

hier eine weitere erfreuliche Meldung.

Grüße, ica

+++++++++++++++++++++++++++++++++++++

Texas Instruments führt Aktiensplit im Verhältnis 2:1 durch

NEW YORK (dpa-AFX) - Die Texas Instruments Inc (TXN.NYS) führt einen Aktiensplit im Verhältnis 2:1 durch. Wie das Unternehmen am Donnerstag abend in New York bekanntgab, hat das Direktorium einen entsprechenden Beschluss gefasst. Texas Instruments hatte zuletzt 1997 einen Split ihrer Aktien vorgenommen./fs/ro

(Fri, 16.Jul.1999 / 08:41)

[aggie]

Tuesday July 20, 7:00 am Eastern Time

Company Press Release

SOURCE: Texas Instruments Incorporated

TI Announces Second Quarter 1999 Financial Results Operating Margin
Up Year-to-Year and Sequentially EPS Rises to $0.92, Excluding Charge DSP Revenues
Climb 23%, Analog 14% SC Revenues Expected to Grow Sequentially Through Year

2Q Earnings Conference Call Live on www.ti.com at 9:00 a.m. CDT Replay Available After Conclusion of Conference Call

DALLAS, July 20 /PRNewswire/ -- Texas Instruments (NYSE: TXN - news) today announced second quarter 1999 financial results which included record
profit from operations (PFO) of $502 million, leading to an operating margin of 21.4 percent, more than double the year-ago quarter, excluding special charges.
Operating margin was up 5.5 percentage points from the first quarter of 1999, excluding special charges. TI earnings per share (EPS) increased to $0.92, up
163 percent from the second quarter of 1998, and up 42 percent from the first quarter of 1999, excluding special charges.

NOTE: A two-for-one stock split in the form of a 100 percent stock dividend, payable on August 16, 1999, was announced on July 15, 1999. The EPS
amounts in this release were calculated on a pre-split basis.

TI`s second-quarter revenues include $85 million for catch-up royalties due under a previously announced agreement with Hyundai Electronics Industries Co.,
which contributed about $0.12 EPS.

``We`ve seen significant progress in our strategy and significant progress in our operating performance,`` said Tom Engibous, TI chairman, president and chief
executive officer. ``We are as uniquely positioned for the next wave of DSP applications, such as broadband, as we are in today`s large markets, such as
wireless. As the industry shifts to growth driven by communications, the proliferation of new markets will continue, powered by TI`s DSP and analog
technologies.``

During the quarter, TI announced two acquisitions to support its strategy in the rapidly emerging broadband communications market: Telogy Networks, Inc.,
bringing TI Voice over Internet Protocol (VoIP) software, and Libit Signal Processing Ltd., providing cable modem chipsets. Coupled with TI`s current
strengths in ADSL (asymmetric digital subscriber line) and programmable DSPs (digital signal processors), these acquisitions will expand TI`s presence into all
areas of the broadband market.

TI also announced the acquisition of ATL Research A/S, bringing additional state-of-the-art radio frequency skills to enhance the company`s expertise in
next-generation wireless communications.

Financial Results

TI revenues for the second quarter of 1999 were $2346 million, up 8 percent from second quarter 1998 revenues of $2167 million, as growth in semiconductor
more than offset the loss of revenue from the divested memory business. Revenues were up 15 percent from the $2039 million of the first quarter of 1999, led
by increased shipments in semiconductor. Higher semiconductor royalties and seasonal strength in the Educational & Productivity Solutions (E&PS) business
also contributed to the sequential revenue growth.

PFO for the quarter was $502 million, up 178 percent from the year-ago quarter, excluding special charges, primarily due to the absence of losses from the
divested memory business, and also, increased profits in semiconductor. PFO was up 55 percent from the first quarter of 1999, excluding special charges,
primarily due to growth in semiconductor, and to a lesser extent, seasonal strength in the E&PS business.

Income for the quarter was $372 million, up 163 percent from the $142 million in the second quarter of 1998, excluding special charges, primarily due to the
absence of losses from the divested memory business, and also, increased profits in semiconductor.

TI orders in the second quarter were $2507 million, up 30 percent from the year-ago quarter, due to strength in semiconductor. Orders were up 12 percent
from the first quarter of 1999, due primarily to strength in semiconductor, and to a lesser extent, seasonality in E&PS.

Results from the quarter include a special charge of $52 million for in-process R&D associated with the acquisition of Libit Signal Processing Ltd. In the
year-ago quarter, there was a special charge of $233 million for a worldwide restructuring of support functions and consolidation of manufacturing operations,
as well as an $83 million gain in the quarter on the sale of TI`s shares in the TI-Acer joint venture to Acer Corporation.

Including special items, PFO was $456 million, compared with a loss from operations of $52 million in the second quarter of 1998; income was $325 million,
compared with $43 million; and EPS was $0.80, compared with $0.11.

Outlook

In line with the company`s earlier expectations, TI anticipates continued growth in its semiconductor business in the second half of the year, with revenues
increasing sequentially.

The wireless market is expected to continue to be strong, driven by an increase in new subscribers and replacement rates. TI has raised its estimate for industry
sales of digital phones from 230 million to 245 million units this year. TI expects continued strength in the mass market for both DSP and analog catalog
components, as these products continue to penetrate new applications and markets. In the hard disk drive (HDD) market, unit demand is expected to continue
to grow, while pricing pressures may restrict HDD component revenue growth, accelerating semiconductor integration. TI should benefit from this acceleration
due to its strong leadership in the HDD market, and ability to integrate its broad portfolio of digital and analog HDD semiconductors.

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Income Statement
(In millions of dollars, except per-share amounts.)

For Three Months Ended
June 30 June 30
1999 1998

Net revenues $2346 $2167
Operating costs and expenses:
Cost of revenues 1195 1456
Research and development 359 306
Marketing, general and administrative 336 457
Total 1890 2219

Profit (loss) from operations 456 (52)
Other income (expense) net 65 135
Interest on loans 19 18

Income before provision for income taxes(B) 502 65
Provision for income taxes 177 22

Net income $ 325 $ 43

Diluted earnings per common share(A) $ .80 $ .11

Basic earnings per common share $ .83 $ .11

Cash dividends declared per share of common stock $.085 $.085

(A) Diluted earnings per common share are based on average common and
dilutive potential common shares outstanding (406.1 million shares
and 401.9 million shares for the second quarters of 1999 and 1998).

(B) Income for the second quarter of 1999 includes the effect of a charge
of $52 million for in-process R&D associated with the acquisition of
Libit Signal Processing Ltd.

Income for the second quarter of 1998 includes the effect of a pretax gain
of $83 million, included in other income, from the sale of the company`s
shares in the TI-Acer DRAM semiconductor manufacturing joint venture, and
a pretax charge for a worldwide restructuring program of $233 million, of
which $126 million was included in marketing, general and administrative
expense and $107 million in cost of revenues.


TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Income Statement
(In millions of dollars, except per-share amounts.)

For Six Months Ended
June 30 June 30
1999 1998

Net revenues $4385 $4353

Operating costs and expenses:
Cost of revenues 2321 2972
Research and development 666 634
Marketing, general and administrative 659 821
Total 3646 4427

Profit (loss) from operations 739 (74)
Other income (expense) net 143 193
Interest on loans 37 37

Income before provision for income taxes(B) 845 82
Provision for income taxes 287 28

Net income $ 558 $ 54

Diluted earnings per common share(A) $1.38 $ .14

Basic earnings per common share $1.42 $ .14

Cash dividends declared per share of common stock $ .17 $.085

(A) Diluted earnings per share are based on average common and dilutive
potential common shares outstanding (405.2 million shares and 400.8
million shares for the six months ended June 30, 1999 and 1998).

(B) Income for the six months ended June 30, 1999, includes the second
quarter 1999 effect of a charge of $52 million for in-process R&D
associated with the acquisition of Libit Signal Processing Ltd. First
quarter 1999 includes the effect of a pretax charge of $41 million
primarily for a consolidation of semiconductor manufacturing operations in
Japan. Of the $41 million, $28 million is included in cost of revenues,
$10 million in research and development expense, and $3 million in
marketing, general and administrative expense.

Income for the six months ended June 30, 1998, includes the second quarter
1998 effect of a pretax gain of $83 million, included in other income,
from the sale of the company`s shares in the TI-Acer DRAM semiconductor
manufacturing joint venture, and a pretax charge for a worldwide
restructuring program of $233 million, of which $126 million was included
in marketing, general and administrative expense and $107 million in cost
of revenues. First quarter 1998 includes the effect of a pretax charge of
$244 million primarily for discontinuance of the company`s U.S. DRAM
manufacturing joint venture. Of the $244 million, $219 million is
included in cost of revenues and $25 million in research and development
expense.


TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheet
(In millions of dollars, except per-share amounts.)

June 30 Dec. 31
1999 1998
Assets
Current assets:
Cash and cash equivalents $ 334 $ 540
Short-term investments 1409 1709
Accounts receivable, less allowance for losses of
$61 million in 1999 and $70 million in 1998 1749 1343
Inventories:
Raw materials 89 77
Work in process 380 354
Finished goods 220 165

Inventories 689 596

Prepaid expenses 87 75
Deferred income taxes 553 583

Total current assets 4821 4846

Property, plant and equipment at cost 6519 6379
Less accumulated depreciation (3126) (3006)

Property, plant and equipment (net) 3393 3373

Investments 1987 2564
Deferred income taxes 38 23
Other assets 794 444

Total assets $11033 $11250


Liabilities and Stockholders` Equity
Current liabilities:
Loans payable and current portion long-term debt $ 263 $ 267
Accounts payable 554 510
Accrued and other current liabilities 1256 1419

Total current liabilities 2073 2196

Long-term debt 960 1027
Accrued retirement costs 776 895
Deferred income taxes 264 381
Deferred credits and other liabilities 248 224

Stockholders` equity:
Preferred stock, $25 par value. Authorized
- 10,000,000 shares. Participating cumulative
preferred. None issued --- ---
Common stock, $1 par value. Authorized
- 1,200,000,000 shares. Shares issued:
1999 - 393,801,640; 1998 - 392,395,997 394 392
Paid-in capital 1010 1178
Retained earnings 5286 4795
Less treasury common stock at cost:
Shares: 1999 - 968,912; 1998 - 1,716,038 (108) (134)
Accumulated other comprehensive income 130 296

Total stockholders` equity 6712 6527

Total liabilities and stockholders` equity $11033 $11250


BUSINESS SEGMENT NET REVENUES
(Millions of dollars)

For Three Months Ended For Six Months Ended
June 30 June 30 June 30 June 30
1999 1998 1999 1998

Semiconductor
Trade $ 1880 $ 1530 $ 3544 $ 3123
Intersegment 3 5 12 10
1883 1535 3556 3133

Materials & Controls
Trade 256 245 502 487
Intersegment --- --- --- ---
256 245 502 487

Educational & Productivity Solutions
Trade 153 165 234 240

Corporate activities 40 45 62 93
Divested activities 14 177 31 400

Total net revenues $ 2346 $ 2167 $ 4385 $ 4353


BUSINESS SEGMENT PROFIT (LOSS)
(Millions of dollars)

For Three Months Ended For Six Months Ended
June 30 June 30 June 30 June 30
1999 1998 1999 1998

Semiconductor $487 $382 $827 $740
Materials & Controls 42 37 83 73
Educational & Productivity Solutions 43 37 53 38
Corporate activities (81) (53) (155) (97)
Special charges and gains, net
of applicable profit sharing (45) (150) (87) (394)
Interest on loans/other income
(expense), excluding a second
quarter 1998 gain of $83 million
included above 45 34 105 73
Divested activities 11 (222) 19 (351)

Income before income taxes $502 $ 65 $845 $ 82



Semiconductor

Semiconductor revenues of $1883 million climbed 23 percent from the second quarter of 1998, and were up 13 percent from the first quarter of 1999,
primarily due to increased shipments across a breadth of products, and to a lesser extent, increased royalties.

DSP revenues were up 23 percent from the year-ago quarter, primarily due to increases in the wireless and mass markets. DSP revenues were up 8 percent
from the first quarter of 1999, primarily due to gains in HDD and wireless. Analog revenues increased 14 percent from the year-ago quarter, and were up 8
percent from the first quarter of 1999, primarily due to wireless, and to a lesser extent, the mass market.

Revenues for TI`s remaining semiconductor products, in the aggregate, increased from both the year-ago quarter and the first quarter of 1999. These
semiconductors represent a broad range of products, including standard logic, application-specific integrated circuits (ASICs), microcontrollers, and reduced
instruction-set computing (RISC) microprocessors.

Semiconductor operating margin for the quarter was 25.8 percent, versus 24.9 in the year-ago quarter. Operating margin was up 5.5 percentage points from
the first quarter of 1999, primarily due to increased product shipments, and to a lesser extent, the catch-up royalty payment from Hyundai.

Semiconductor orders were strong, increasing 46 percent from the year-ago quarter, primarily due to increased demand for DSP and analog products, and
increasing 11 percent sequentially, primarily due to increased customer demand across substantially all products.

For the first six months of 1999, semiconductor revenues of $3556 million were up $423 million from the first six months of 1998, primarily due to increased
shipments in DSP and analog, and to a lesser extent, increased royalties. Operating margin of 23.3 percent was about flat with the year-ago period.
Semiconductor orders for the first six months were up 32 percent from the first half of 1998, primarily due to increased demand for DSP and analog products.

During the quarter, TI made good progress in expanding the use of DSPs into new applications and markets. In the Internet audio market, TI teamed with
Liquid Audio, Inc., the Fraunhofer Institute for Integrated Circuits and SanDisk Corp. to offer the first complete solution for secure downloading of music off
the Internet onto digital personal audio players. Earlier in the quarter, Thomson Consumer Electronics (marketer of RCA home entertainment products), and
separately Lucent Technologies and eDigital, announced the development of TI DSP-based personal audio players.

For the DSL market, TI announced two next-generation ADSL chipsets: the industry`s first central office chipset that leverages a single DSP to support four
full-rate or G.lite ADSL lines, and a new highly integrated solution for customer premise equipment such as modems and remote access routers.

TI also strengthened its product offerings with a number of new analog and DSP products. In the quarter, TI introduced a record 59 analog catalog products,
which included data converters and power management devices optimized to work with TI DSPs. TI introduced the `C6203 DSP with an unprecedented
combination of speed, performance and integration to drive multichannel, multifunction applications like third-generation (3G) wireless base stations and
telecommunications infrastructure. Eight out of the top ten wireless base station manufacturers have designed this DSP into their 3G systems. TI also announced
the industry`s first 1.2-volt catalog DSP, from the `C5000 family, that will significantly extend the battery life for applications such as hearing aids and portable
wireless devices.

Materials & Controls (M&C)

Revenues for the M&C business were $256 million, up 5 percent from the second quarter of 1998, and up 4 percent sequentially, primarily due to strong global
market demand in automotive sensors. Operating margin was 16.6 percent, up from the 15.1 percent of the year-ago quarter, due about equally to continued
gains from M&C`s best-cost producer strategy and increased product shipments.

For the first half of 1999, revenues were up slightly from a year ago, and operating margin was up 1.5 percentage points, primarily due to gains in the best-cost
producer strategy.

During the quarter, the business announced the acquisition of Integrated Sensor Solutions, Inc., with the transaction expected to close in the third quarter. The
acquisition will bring additional expertise and a broadened product portfolio to strengthen M&C`s position in the automotive sensors market.

Educational & Productivity Solutions (E&PS)

Revenues for the E&PS business were $153 million, down 7 percent from the second quarter of 1998, primarily due to shifting purchasing patterns from
second quarter to third quarter, as some major customers further align with back-to-school schedules. Revenues were up 89 percent from the first quarter of
1999, reflecting the seasonal pattern. Operating margin was 28.1 percent, up significantly from the year-ago quarter`s 22.4 percent, reflecting ongoing
improvements in operating costs.

For the first half of 1999, revenues were $234 million, down slightly from the same period a year ago. Operating margin was up 6.7 percentage points from a
year ago, reflecting improvements in operating costs.

Digital Imaging

Revenues in digital imaging increased from the year-ago quarter, due to increased demand for Digital Micromirror Device(TM) (DMD) chipsets for portable
projectors. Loss from operations for the quarter continued at about the same level as the year-ago quarter.

Additional Financial Information

For the first six months of 1999, TI`s revenues were $4385 million, up from the $4353 million in the first half of 1998. Excluding special items: operating margin
was 18.8 percent, up 9.6 percentage points; income was $633 million, up $316 million; and EPS was $1.56, compared with $0.79, all primarily due to the
absence of losses from the divested memory business.

Including special items: PFO for the first six months of 1999 was $739 million, compared with a loss from operations of $74 million in the year-ago period;
income was $558 million, compared with $54 million; and EPS was $1.38, compared with $0.14.

Results of the first quarter of 1999 included special charges of $41 million, primarily for a consolidation of semiconductor manufacturing operations in Japan.
Last year`s first quarter results included a special charge of $244 million, primarily for discontinuing a DRAM manufacturing joint venture with Hitachi, Ltd.
Special items for the second quarters of 1998 and 1999 were referenced earlier in this report.

During the first six months of 1999, cash and cash equivalents plus short-term investments decreased by $506 million to $1743 million. The acquisitions of
Butterfly VLSI, Ltd. and Libit Signal Processing Ltd. required approximately $382 million of cash in the first half of 1999. The sale of the Micron subordinated
note and other securities generated $172 million of cash.

Cash flow from operating activities was $526 million in the first half of 1999. Capital expenditures totaled $505 million in the first six months of 1999, compared
to $698 million in the first half of 1998, which included the divested memory business. Capital expenditures totaled $302 million in the second quarter of 1999
versus $314 million in the year-ago quarter. Capital expenditures continue to be projected at about $1.3 billion for the year. Including in-process R&D from
acquisitions, R&D totaled $666 million in the first six months of 1999, compared to $634 million in the first half of 1998. R&D totaled $359 million in the
second quarter, versus $306 million in the year-ago quarter. R&D is now projected to increase to about $1.3 billion for the year, due to the increased R&D
from acquisitions, up from the previous $1.2 billion estimate.

Depreciation for the first half of 1999 was $458 million, compared to $572 million in the same time period a year ago. Depreciation for the second quarter of
1999 was $234 million, versus $297 million in the year-ago quarter. Depreciation for 1999 continues to be projected at $1.0 billion.

During the first half of 1999, TI continued to purchase shares of common stock as part of its program to reduce the potential dilutive effect of shares to be
issued under employee stock options. TI spent $151 million of cash for share purchases net of proceeds from sales and other common stock transactions.

The income tax rate, excluding the effect of the second quarter 1999 non-deductible acquisition-related R&D charge, was 32 percent, which is the estimated
rate for the full year.

At the end of the second quarter, the debt-to-total capital ratio was .15 versus .17 at the end of 1998.

``Safe Harbor`` Statement under the Private Securities Litigation Reform Act of 1995: This release includes ``forward-looking statements`` intended to qualify
for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be
identified by phrases such as TI or its management ``believes,`` ``expects,`` ``anticipates,`` ``foresees,`` ``forecasts,`` ``estimates`` or other words or phrases of
similar import. Similarly, such statements herein that describe the company`s business strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. All such forward- looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially
from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of the company or its
management:

Market demand for semiconductors, particularly for digital signal processors and analog chips in key markets, such as telecommunications and
computers;
TI`s ability to develop, manufacture and market innovative products in a rapidly changing technological environment;
TI`s ability to compete in products and prices in an intensely competitive industry;
TI`s ability to maintain and enforce a strong intellectual property portfolio and obtain needed licenses from third parties;
Timely completion by customers and suppliers of their Year 2000 programs, accurate assessment of TI`s Year 2000 readiness and of risks associated
with its current and past products, and effective implementation of contingency plans and corrective actions;
Timely completion of announced acquisitions;
Global economic, social and political conditions in the countries in which TI and its customers and suppliers operate, including fluctuations in foreign
currency exchange rates;
Losses or curtailments of purchases from key customers;
TI`s ability to recruit and retain skilled personnel;
Availability of raw materials and critical manufacturing equipment;
Realization of savings from announced restructuring efforts and consolidation of manufacturing operations.

For a more detailed discussion of these factors, see the text under the heading ``Cautionary Statements Regarding Future Operations`` in Item 1 of the
company`s Form 10-K for 1998. The forward-looking statements included in this release are made only as of the date of this release and the company
undertakes no obligation to publicly update the forward-looking statements to reflect subsequent events or circumstances.

NOTE TO EDITORS: Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of digital signal
processing and analog technologies, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company`s businesses also include
materials and controls, educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25
countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at
http://www.ti.com

Trademark: Digital Micromirror Device is a trademark of Texas Instruments.

SOURCE: Texas Instruments Incorporated

[aggie]

Wednesday July 21, 9:54 am Eastern Time

RESEARCH ALERT - Texas Instruments raised

NEW YORK, July 21 (Reuters) - Merrill Lynch said Wednesday it upgraded Texas Instruments Inc. (NYSE:TXN - news)
to near-term buy from accumulate.

-- Long-term rating remains buy.

-- Raised 1999 earnings estimate to $3.33 a share from $3.19 and 2000 estimate to $4.26 from $3.92.

-- Price objective is $180 a share.
-- Shares rose 1/8 to 141-1/8.

[aggie]

Wednesday July 21, 3:32 pm Eastern Time

Company Press Release

SOURCE: Texas Instruments Incorporated

Texas Instruments Digital Light Processing Technology to Feature In
Another Movie Industry `First`

Walt Disney Pictures` "Tarzan" the First All-Digital Major Motion Picture Release, Will Be Projected Digitally With DLP
Cinema Technology

DALLAS, July 21 /PRNewswire/ -- Texas Instruments (TI) today announced that its highly-acclaimed DLP Cinema(TM) technology will be used by Walt
Disney Pictures to feature in an all-digital presentation of its animated adventure ``Tarzan``. The all-digital presentations will be shown beginning July 23rd in
three theatres:

AMC Pleasure Island 24, 1500 Buena Vista Drive, Lake Buena Vista, FL
AMC Media Center North 6, 770 N. First Street, Burbank, CA
Edwards Irvine Spectrum, 65 Fortune Drive, Irvine, CA

Disney animators have always been on the lookout for more exciting ways to tell their stories. For ``Tarzan``, they invented a process that allows traditionally
animated characters to move about in a 3-D world created with computer graphics. The all-digital presentation using DLP Cinema projection technology is
significant because this is the first ever all-digital major motion picture release. The movie was produced digitally, mastered digitally with no film used in the
process, delivered digitally, and will be projected digitally by DLP Cinema projectors. The entire process, from production to exhibition, will be digital.

``We are delighted and honored to be working with Walt Disney Pictures on this project,`` said Bob England, Senior Vice President and Manager of TI`s Digital
Imaging division, which is responsible for the development, manufacture and marketing of Digital Light Processing(TM) (DLP(TM)) technology. ``We`re also
very pleased to have a further opportunity to provide movie-goers the opportunity to judge for themselves the image quality that DLP Cinema technology offers
in large screen theatre environments.``

Over a period of more than two years, TI has worked with the movie industry to develop a version of DLP technology specifically tailored for the needs of the
industry. The result of this collaboration is DLP Cinema technology -- a version of DLP which has been exclusively developed for showing first run movies in
theatres - and it is this which is at the heart of the projectors being used in these showings of ``Tarzan``. DLP Cinema technology`s digital fidelity and digital
stability allow it to deliver the level of image quality that is a requirement of everyone involved with movies, from creators to audiences.

``We are committed to working with the movie industry to make digital distribution and digital presentation a reality,`` said Paul Breedlove, DLP Cinema
Program Director for TI`s Digital Imaging division. ``This all-digital presentation of ``Tarzan`` is another opportunity to help the industry achieve that goal.``

At the heart of DLP Cinema projection technology are three optical semiconductor chips developed specifically for cinema applications, each of which has an
array of 1,300,000 (SXGA) mirrors. These tiny mirrors operate as optical switches to create a high resolution, high contrast, full color image.

In addition to the movie industry specific DLP Cinema technology being developed, TI supplies DLP subsystems to more than thirty of the world`s top
projector manufacturers, who then design, manufacture and market DLP-based projectors for other markets. Over the past three years, DLP-based projectors
have consistently won some of the audio-visual industry`s most prestigious awards. Since shipments began in early 1996, TI has delivered over 170,000 DLP
subsystems to its customers. There are now over fifty DLP-based products in the marketplace.

NOTE TO EDITORS: Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of digital signal
processing solutions, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company`s businesses also include materials and
controls, educational and productivity solutions and digital imaging. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments (NYSE: TXN - news) is traded on the New York Stock Exchange under the symbol TXN. More information on TI`s DLP technology can
be found on the World Wide Web at http://www.ti.com/dlp.

Digital Light Processing, DLP, DLP Cinema, Digital Micromirror Device and DMD are all trademarks of Texas Instruments. All other products and names may
or may not be trademarks or registered trademarks of their respective companies.

SOURCE: Texas Instruments Incorporated

[aggie]

Monday July 26, 3:12 pm Eastern Time

Texas Instruments to buy Unitrode in $1.2bln deal

(Adds analyst comment paras 5-7, background, updates stock price)

By Marcus Kabel

DALLAS, July 26 (Reuters) - Computer-chip supplier Texas Instruments Inc. (NYSE:TXN - news) on Monday said it
would acquire Unitrode Corp. (NYSE:UTR - news), a maker of semiconductors for managing battery life in portable
electronics, in a $1.2 billion stock deal.

Texas Instruments said it expected to issue about 8.9 million shares in exchange for all outstanding shares of Unitrode, or about $38.60 for each Unitrode share.

Shares of Dallas-based Texas Instruments were down $3.75 at $135.25, and Unitrode shares jumped $8 to $34.75 by early Monday afternoon, both in
trading on the New York Stock Exchange.

TI said in a statement the Unitrode deal would complement its own product line of analog computer chips by adding technology for power management,
increasingly in demand for mobile phones, laptop computers and advanced mobile electronics.

Analysts said the price paid for Unitrode seemed fair compared with the valuation of comparable companies in the chip industry.

``It`s a good acquisition. It fills out their product line and it`s not costing them too much,`` said Jonathan Joseph of Salomon Smith Barney. ``It will be neutral for
earnings per share this year and slightly positive next year.``

Analog chips process information found in the natural world, such as sounds, into digital information. TI is the world`s largest supplier of analog chips, according
to market research firm Dataquest.

Dataquest said the total available market for analog chips in 1998 was worth $21.6 billion, with a projected growth rate of more than 15 percent for 1999,
while the power management segment was worth $2.2 billion in 1998 and is expected to reach $4.1 billion by 2002.

Unitrode will continue to operate from its headquarters in Merrimack, N.H., the TI statement said.

Unitrode`s three lines of components -- for power supply control, interface and battery management -- have virtually no overlap with Texas Instruments
semiconductors, TI said.

The business of making chips for battery management fits nicely with TI`s dominant position in producing digital signal processors (DSPs), which allow mobile
phones and other portable devices to communicate with each other. Two out of three digital mobile phones sold in the world are estimated to use DSP chips
from TI.

The value of the deal was calculated based on TI`s closing stock price on July 23.

[aggie]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[aggie]

Unter folgender Addresse, http://www.forwardconcepts.com/dsp2002.htm, kann derjenige, der das noetige "Kleingeld" aufbringen kann und will, einen 600 Seiten Bericht ueber "DSP Strategies 2002" fuer sage und schreibe $4.350,- ordern.

Howdy,
aggie

[aggie]

28.07.99
Texas Instruments Tagestip
Hornblower Fischer

Die Aktien von Texas Instruments (WKN 852654, TXN)sind für die Analysten der
Hornblower Fischer AG der „Tip des Tages“.

Das US-Unternehmen führe seine Strategie der Wandlung von einem
unspezialisierten Elektronikhersteller zu einem Anbieter von Halbleitern für die
Telekommunikationsbranche konsequent fort. Nach den bereits erfolgten
Übernahmen von Telogy Networks und Libit Signal Systems werde Texas
Instruments nun die Unitrode Corp. für USD 1,2 Mrd. übernehmen. Unitrode
liefere ein breites Spektrum an Energieversorgungslösungen für tragbare
Elektronikgeräte. Dieser Markt habe derzeit ein Volumen von USD 2,2 Mrd. und
solle sich bis zum Jahr 2002 annähernd verdoppeln. Texas Instruments konnte
im 2. Quartal die Umsätze um 8 Prozent gegenüber dem Vorjahr und um 15
Prozent gegenüber dem 1. Quartal steigern. Die Gewinne wuchsen gleichzeitig
überproportional um 163 Prozent auf 92 Cents je Aktie (inkl. 12 Cents
außergewöhnliche Erträge). Auf der Grundlage der guten Zahlen bei moderater
Bewertung raten die Analysten dazu, Positionen aufzubauen. Ihre Empfehlung:
Kaufen!

[aggie]

27.07.99
Texas Instruments "kaufen"
Lehman Brothers

Texas Instruments Inc. (WKN 852654, TXN) meldete am Montag die Akquisition
des Analog-Chip-Herstellers Unitrode für USD 1,2 Milliarden in Aktien oder USD
38,60 je Aktie.

Die Analysten von Lehman Brothers reagierten auf den Kauf mit einer
„BUY“-Empfehlung für die Texas Instruments-Aktie. Ihr 12-Monats-Kursziel für
den Titel liegt bei USD 175.

[Ein Fuchs]

Hallo Aggi,

erst mal vielen Dank für Deinen Einsatz. So ganz ohne Rückmeldung hast Du einen Haufen von Informatinen angehäuft. Da ich die Aktie mittlerweile auch für interessant halte, versuche jetzt auch noch einen Beitrag zum Thema.

Ich bin mir nicht sicher, ob jeder hier im Board informiert ist, daß TI in Deutschland (Freising) eine recht große Niederlassung hat. Ich bin Elektronik-Entwickler und habe seit über 10 Jahren mehr oder weniger intensiven Kontakt zu TI. Beim letzten Besuch ist mir die Selbstsicherheit und positie Ausstrahlung aufgefallen. Darauf hin habe ich mal die Unterlagen von Aggie gesichtet und mich selbst schlau gemacht.

Jetzt war ich wieder in Freising und hatte beim Mittagessen die Gelegenheit 2 Stunden lang mit einem Mitarbeiter aus dem mittleren Management zu reden. Er ist auch in mehreren Aktien investiert und war bezüglich der Aussichten von TI sehr zuversichtlich.

--------------
Einige Aussagen von ihm

- Die meisten DSPs gehen zur Zeit in Festplatten. Dieser Markt wächst im hohen 2x% Bereich.
- TI-DSPs werden auch vom (früheren) Wettbewerb eingesetzt.
- TI beliefert mit DSPs die bekannten Nummer eins und zwei des Handy-Marktes. Das Wachstum dieser Firmen ist in diesem Board bekannt.
- TIRIS (in Aggis Infos erläutert) wurde in Deutschland entwickelt
- TI inzwichen ist nach Intel weltweit die Nummer 2 im Halbleitermarkt (?)
- TI ist weltweit die Nummer 1 bei analogen ICs (ordentliche margen)
- Die Aussichten der Projektionstechnologie (s. Aggie) beurteilte er skeptisch (Gute Technologie, Eignung für Massenmakrt noch nicht abzuschätzen, zur Zeit Verlustgeschäft)
- Was wenig bekannt ist: TI hat in Freising einen Prozessor-Familie (MSP430) entwickelt, welche für bestimmte Anwendungen technologisch top ist (ultra-low-Power z.B. für Meßgeräte, die 10 Jahre aus einer Lithium-Batterie gespeist werden). Diese Prozessor-Architektur wird inzwischen weltweit erfolgreich vermarktet, spielt aber z Zt. für die wirschaftliche Einschätzung eine untergeordnete Rolle).

Seine Einschätzung für das Top-Management ist sehr positiv. Herr Engibous (CEO) ist seit wenigen Jahren (3?) am Ruder. Seither wurde das Unternehmen gründlich umgebaut und auf rentable Kernkompetenzen getrimmt. Wichtige große Schritte dabei waren der Verkauf der militärischen Aktivitäten und der DRAM-Produktion. Auch wurde die sonstige Produktpalette gründlich ausgemistet. Neue Entwicklungen werden stark auf Marktfähigkeit und Renditeaussichten hin analysiert.
--------------

Jetzt noch meine Einschätzung der Rendite für eine Anlage in TI-Aktien. Nachh Yahoo.com beträgt das erwartete KGV für 1999 etwa 46. Das Gewinnwachstum in diesem Jahr ist mit 78% gigantisch. Die Analysten schätzen das Gewinnwachstum für das nächste Jahr mit 29% und das der Folgejahre mit 22% ein. Nach meinem, in diesem Board vorgestellten Verfahren ergibt das für den Anleger eine Rendite auf Sicht von 5 Jahren von etwa 20%.

Man kann spekulieren, daß die Erwartungen der Analysten bei weitem zu pesimistisch sind. Ich kenne keinen anderen Wert, wo das Gewinnwachstum planmässig so rasant nach unten geht. Setzt man als Wachstum in den Jahren 3-5 25% an, so kommt ich auf eine Rendite von 26%.

Jetzt zum Risiko: TI ist in den vergangenen Jahren sehr schwach gewachsen (letzte 5 Jahre etwa 7%). Ich sehe also durchaus das Risiko, daß die Vorhersagen deutlich unterschritten werden, wenn sich z.B. die Wettbewerbsituation drastisch verändert. Da gibt es Unternehmen die in der Vergangenheit sehr viel kontinuierlicher gewachsen sind.

Ich habe TI jetzt auf meine Einkaufsliste gesetzt, da meiner Meinung nach die Chancen überwiegen. Ein bißchen brüten muß ich noch. Ich hoffe, daß es in den nächsten Wochen noch deutlich nach unten geht.


Aggie, nochmals herzlichen Dank!

Fuchs

[aggie]

An Fuch und ica,

es freuht mich, dass ich nicht mehr der einzige bin, der ein Interesse an TXN hat! Weiter so, ich bin mir sicher, Ihr werdet es nicht bereuhen, vorausgesetzt Ihr verfolgt eine "Buy and Hold" Strategie! :-)

Howdy,
aggie

[aggie]

30.07.99
Texas Instruments kaufen
Hornblower Fischer

Die Analysten von Hornblower Fischer raten dem Anleger derzeit zu einem
Engagement in Aktien des US-Konzerns Texas Instruments (WKN 852 654).

Vielversprechend sei vor allem der Wandel vom unspezialisierten
Elektronikhersteller zum Anbieter von Halbleitern in der
Telekommunikationsbranche. Der zuletzt erfolgten Übernahme würden
voraussichtlich weitere folgen. Im zweiten Quartal des laufenden Geschäftsjahres
habe Texas Instruments einen Umsatzzuwachs von acht Prozent gegenüber dem
Vorjahresquartal erzielt. Das Ergebnis sei inklusiver außerordentlicher Erträge
von 12 Cents um 163 Prozent auf 92 Cents je Anteilschein gestiegen. Die
Experten raten dem Anleger daher zum Kauf von Aktien des Unternehmens.

[aggie]

Ooop`s,

dies kommt davon, wenn man um 4:20 Uhr morgens noch Postings schreibt! Schei.... Tippfehler!!!

Howdy,
aggie

[aggie]

Hambrecht & Quist
analyst Lucas Ward
began coverage on
Texas Instruments
(TXN: news, msgs) and
wrote, "In the `winner
takes most` environment
of the fast-growing,
competitive markets
that TI serves, we
believe that TI`s leading
market share today will
translate into rising market share and disproportionate profit share
tomorrow."

[aggie]

TXN Stock Growth 1999 YTD (1.1.99 - 31.7.99) = 68%

TXN has far out-paced almost all of Wall Street`s favorites, including IBM, Cisco, Microsoft, Lucent, Intel and Dell.


Mark Edelstone, principal and senior semiconductor analyst at Morgan Stanley, recently expressed them in a report on TXN: "…. TXN will be the most important large cap semiconductor company of the next decade."


Howdy,
aggie

[aggie]

In the Heart of every major computer system is a semiconductor chip that
performs complex logic operations. In a Desktop computer this, logic chip is
called a microprocessor, and it is typically made by either Intel, Advanced Micro
Devices, National Semiconductor or "Big Blue" (IBM).

In a telecommunication system, like cell phones and the base stations they are
linked with the a digital signal processor (DSP). Microprocessors had their most
explosive growth spurt in the late `80s and early `90s. Now it looks as if digital
signal processing is about to enter a simular period, driven by the demand for
cell phones and Internet connections. More than $3 billion worth of these chips
were sold last year, but their growth rate exceeds since `95 and is expected to
continue to exceed that of microprocessors.

One of the most appealing things about digital signal processors is the way they
can be combined with other chips to interpret things happening in the real
world, like light waves, radio waves and temperature. For instance, the
combination of analog and DSP technology overcomes Audio signals` nagging
tendency to drift. (The analog chip takes in the radio signal, and the DSP cleans
it up and eliminates the noise). These dual chips are called mixed signal
processors. You have used a mixed signal processor if you`ve recently switched
from n analog cell phone to a newer digital wireless phone. That`s just one of
the first high volume applications of DSPs. Just about every type of consumer or
business electronics product is being converted, or someone is planning to
convert it, to digital processing. The television industry is already starting to roll
out various versions of digital TV. Modems and disk drives are converting to
digital processing. There are even plans in the works for digital radio
transmissions, which will give you CD-quality music on your radio. Less sexy, but
potentially more revolutionary, is the fact that wireless connectivity of all kinds
will be possible. That is, you will be able to connect your PC with your laptop or
your phone with your printer or your television`s remote with your toaster, for
that matter.

Four companies, Analog Devices, Lucent Technologies, Motorola and Texas
Instruments, dominate the market for these chips. Of the four, only Texas
Instruments (TXN) has completely reorganized itself to make DSPs its core
business. Two years ago it shed laptops and defense electronics. Last year it
sold its memory division to Micron. The results so far have been impressive. The
company, looking to concentrate on a product with 20% or better margins, has
replaced two businesses with margins under 10% and one business that was
losing money. It has captured 45% of the pure DSP market and a big share of
the mixed-signal market as well. Especially the mixed-signal market has growing
rates in the 3 digits range per year. And that is the key, says Shekhar Wadekar,
a Wall Street Journal All-Star Analyst at Raymond James. "Once you are the
preferred vendor, it`s hard for someone else to get into your market.
Incumbency is powerful thing in this business." The stock has trebled since last
year`s October. "They`re going where the chip market headed," says Wadekar.
The downside: Texas Instruments is no longer an undiscovered turnaround
story. Its current P/E ratio, based on anticipated 1999 profits, is in the `40s,
higher than Intel`s 30. That is because the Wall Street expects TI`s earnings to
double over the next two years, while Intel, which gets virtually none of its
earnings from DSPs, should exapand earnings only by half. As the pure play in
faster growing DSP technology, TI probably deserves a slight premium, yet both
stocks are going for way above their historical norms.

howdy,
aggie

[aggie]

Texas Instruments DSP-Based ADSL Technology Drives High-Speed
Internet Access in IBM Aptivas

DALLAS, Aug. 11 /PRNewswire/ -- In a move that allows consumers to use a single existing home telephone line to send and receive phone calls while online,
Texas Instruments (NYSE: TXN - news; TI) today announced that IBM (NYSE: IBM - news) will include TI`s world-leading digital signal processor (DSP)-
based asymmetric digital subscriber line (ADSL) technology on its award- winning line of Aptiva models 800 and 902 desktop PCs. (www.ti.com/sc/access
and www.ibm.com/shop)

The Aptivas will allow consumers using the ADSL modem technology, based on TI`s fully-programmable DSP-based ADSL chipset, to experience Internet
connection speeds 25 to 100 times faster than today`s V.90 or 56K analog modems. Users will enjoy the advantages of an ``always-on,`` dedicated high-
speed DSL Internet connection and can easily upgrade these Aptivas to higher speeds as they become available in their community through simple software
upgrades.

``With the Internet becoming a critical part of a family`s e-lifestyle, the need for higher speed connections is more important than ever,`` said Harry Nicol,
general manager, IBM Consumer Systems. ``The combination of IBM`s PC leadership and Texas Instruments` expertise in ADSL technology helps make this a
reality and adds to Aptiva`s ability to deliver a better, easier and more fulfilling Internet experience.``

``Aptivas using TI`s DSP-based ADSL technology will enhance consumers` Internet experience and the way firms do business,`` said George Barber, vice
president and general manager of TI`s Broadband Access Group. ``Consumers will now be able to more easily conduct e-commerce, telecommute to work, do
Internet sharing, use video conferencing and more.``

IBM`s Aptivas will enjoy a competitive advantage enabled by TI`s industry- leading portfolio of DSL patented technology that includes technology essential for
meeting the American National Standards Institute (ANSI) T1.413 ADSL standard and the International Telecommunications Union (ITU) G.992.2 and
G.992.1 G.lite standards. Leveraging its TMS320C6000 core technology, TI`s PCI solution uses a single DSP to support both G.lite and full-rate ADSL.

TI`s ADSL PCI solution is the first ADSL modem solution to pass Microsoft`s PC99 WHQL certification. The solution has also been verified to meet
Microsoft standards for compatibility with Windows® 98 and Windows NT® Workstation 4.0.

Availability of Aptivas with TI`s ADSL technology begins today via the ShopIBM Direct store. In order to bring ADSL solutions to market faster, IBM and TI
are focused on the development and deployment of ADSL modem technology to deploy as quickly as possible. Looking ahead, IBM and TI plan to continue
providing cost-effective, standards-based ADSL solutions to consumers who want high-speed Internet connectivity.

The worldwide leader and pioneer in digital signal processing solutions since 1982, Texas Instruments provides innovative DSP and mixed signal/analog
technologies to more than 30,000 customers in the computer, wireless communications, networking, Internet, consumer, digital motor control and mass storage
markets worldwide. To help customers get to market faster, TI offers easy-to-use development tools and extensive software and hardware support, further
complemented by close to 300 third-party DSP solutions providers.

Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of, digital signal processing and analog
technologies, the engines driving and digitalization of electronics. Headquartered in Dallas, Texas, the company`s business also include materials and controls,
educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at
http://www.ti.com.

[aggie]

12.08.99
Texas Instruments "Buy"
Merrill Lynch

Die Analysten von Merrill Lynch haben die Aktien von Texas Instruments
Incorporated (WKN 852654, TXN) am Mittwoch auf ihre "FOCUS One-Liste"
gesetzt.

Das Analystenhaus sieht für die Papiere einen Kursanstieg von USD 180
innerhalb der kommenden 12 Monate voraus. Sie empfehlen den Wert mit einem
langfristigen und kurzfristigen „BUY“.

Die Aktie von Texas Instruments konnte am Mittwoch bereits um USD 7,75 oder
5,6 Prozent zulegen und schloß in New York bei USD 146,25.

[aggie]

This Thread is closed and will not be started again, because of a lacking interest in TXN!!!


Howdy,
aggie

[aggie]

Tja, nun ist es soweit 100% Gewinn in 6 Monaten und ein Ende der TXN Erfolgsstory ist noch lange nicht in Sicht!!!!!!!!

Howdy,
aggie

[Ein Fuchs]

Hi Aggie,

bin bei TXN endlich eingestiegen (20.10.99) und heute + 30% überschritten. Das war ein oder zwei Tage nach der Meldung über die phantastischen Zahlen. Der Kurs ging um mehr als 10% nach unten, da mußte ich zugreifen. Es gibt keinen blöderen Spruch als "sell on good news".

Die Dynamik ist gewaltig. Es könnten noch einige Überraschungen kommen. Die Langfristeinschätzung mit 22% Gewinnwachstum p.A. ist möglicherweise zu konservativ. Bin gespannt auf das was kommt. Noch mal vielen Dank für den guten Tipp.

Fuchs

[aggie]

Hallo Fuchs,

ich persoenlich gehe eher von einem 25 - 30% Gewinnwachstum p.A. fuer die naechsten 5 Jahre aus! Wer hat schon for ca. 3-4 Jahren an portable MP3 Player dedacht! Kein Mensch und in diesem Jahr, sind sie der "Renner" schlechthin, zumindest in den USA. Diamond hat sogar Lieferschwierigkeiten, wegen der enormen Nachfrage!!!! Es werden sich in Zukunft neue Maerkte fuer DSP`s erschliessen, welche wir uns heute noch gar nicht vorstellen koennen!

By the way, congratulations, you made the right decision!

Howdy,
aggie

[ica]

12.11.99
Chipproduzenten aussichtsreich
Merrill Lynch

Die US-Investmentbank Merrill Lynch hat die Aktien von 9 US-Unternehmen sowie 2 europäischen Chipproduzenten positiver bewertet.

Die sich gerade zeigende stärkere Nachfrage nach PCs dürfte auch in den nächsten Jahren weiter anhalten. Analyst Joe Osha hebe so seine Umsatzerwartung der Branche für 2000 von einem Wachstum von 18,6% auf 21,5% an. Dabei dürfte die Sub-Branche „Integrated Circuits“ um 22,7% wachsen. Für die nächsten 3 Jahre dürfte ein zweistelliges Umsatzwachstum mindestens andauern. Es scheine, daß die Branche wieder zu seinem 3 bis 5-Jahres-Zyklusboom zurückgefunden habe.

Die folgenden Aktien erhielten ein neues, höheres Kursziel:

Analog Devices (WKN: 862485, ADI) - $53 $71
Applied Micro Circuits (AMCC) - $83 $102
ASM Lithography (WKN: 894248, ASML) – 71 EUR 98 EUR
Broadcom Corp. (WKN: 913684, BRCM) - $180 $205
Conexant (CNXT) - $44 $70
Linear Technology Corp. (WKN: 872629, LLTC) - $70 $90
LSI Logic Corp. (WKN: 867761, LSI) - $62 $73
PMC-Sierra Inc. (WKN 882 947, PMCS) - $120 $130
STMicroelectronics (WKN: 893 438, STM) - $106 $135
Texas Instruments (WKN: 852654, TXN) - $110 $125
Vitesse Semiconductor Corp. (WKN: 883220, VTSS) - $45 $58.

[Ein Fuchs]

Auch dieser Text spricht für TXN
-------
ABN AMRO sees chip sector growth peaking in 2001
CHICAGO, Nov 23 (Reuters) - ABN AMRO said Tuesday it expected the semiconductor industry to grow by 25 percent in 2000, and 31 percent in 2001, before starting a cyclical decline in 2003.

``We believe the semiconductor industry is just past the first anniversary of a four-year cyclical upswing that will peak at $300 billion in 2002 from the 1998 trough year at $126 billion and the initial recovery year 1999 at $144 billion,`` analyst David Wu said in a research note.

``Growth should accelerate from 15 percent in 1999 to 25 percent in 2000, peaking at 31 percent in 2001 and 28 percent in 2002,`` he said. ``A cyclical decline should begin in 2003 as over-investment in 2001/2002 would cause pricing to be under pressure, more than offsetting positive unit volume growth.``

Wu said the most attractive sectors for growth were those that sell to the wireless and Internet infrastructure providers. Included in that group were Texas Instruments Inc. (NYSE:TXN - news), Analog Devices Inc. (NYSE:ADI - news), Maxim Integrated Products Inc. (NasdaqNM:MXIM - news), and Linear Technology Corp. (NasdaqNM:LLTC - news). He also mentioned Xilinx Inc. (NasdaqNM:XLNX - news) and Altera Corp. (NasdaqNM:ALTR - news) as possible beneficiaries.

``The other less obvious area is DRAMs where under-investment will lead to under capacity in 2000/2001, with market share consolidation favoring Micron Technology (NYSE:MU - news) and its closest Korean competitor - Samsung Electronics in terms of disproportionate share of the profits,`` Wu said.

[aggie]

Geruechten zufolge, liegt TXN bereits jetzt ueber den Erwartungen der Analysten fuer das 4Q99!!!! Wie gesagt, dies sind Geruechte und keine Fakten. Wie heisst es jedoch so schoen: in jedem Geruecht steckt auch ein Koernchen Wahrheit!!!

Aktuell TXN: $110 11/16

Howdy,
aggie

[aggie]

05.01.00
US-Halbleiteraktien kaufen
Lehman Brothers



Die Analysten der Lehman Brothers empfehlen derzeit diverse
US-Halbleiteraktien.

Wie Analyst James Barlage mitteilte, sei das neue Jahr für die Branche
vielversprechend. Die Preise diverser Titel könnten im neuen Jahr um bis zu 50%
zulegen. Im Jahr 1999 hätten sich bereits viele Aktien verdoppelt.

Die starke Wachstumsrate würde von einer ebenfalls stärkeren Rate des
Branchenwachstums profitieren. Höhere KGV seien dabei zu erwarten. Die relativ
hohen Lagerbestände aufgrund der Befürchtungen des doch ausgebliebenen
Jahr-2000-Problems dürften keine nennenswerten Effekte auf die Auslieferungen
haben.

Folgende Aktien empfiehlt Barlage zum Kauf:

Altera Corp. (WKN: 875650, ALTR)
Integrated Device Technology (WKN: 868 744, IDTI)
Intel Corp. (WKN: 855681, INTC)
International Rectifier Corp. (IRF)
Lattice Semiconductor (WKN: 878255, LSCC)
National Semiconductor (WKN: 857469, NSM)
STMicroelectronics (WKN: 893 438, STM) und
Texas Instruments (WKN: 852654, TXN).

Howdy,
aggie

[aggie]

Monday January 24 5:11 PM ET

Texas Instruments Exceeds Expectations

DALLAS (Reuters) - Texas Instruments Inc. (NYSE:TXN - news), the No. 1 supplier of computer chips for mobile
phones, on Monday said fourth-quarter net income rose 71 percent, exceeding expectations as sales and profit margins rose.

Net income climbed to $433 million, or 51 cents a share, from $253 million, or 31 cents, in the same period a year earlier.
Analysts on average had expected the company to show earnings of 47 cents a share in its latest quarter, according to a
survey by First Call/Thomson Financial.


Here we go, TXN has beaten the Analysts expectations by 4 Cents a share!!!!!


Howdy,
aggie

[aggie]

26.01.2000
Texas Instruments kaufen
Hornblower Fischer



Die Analysten von Hornblower Fischer raten dem Anleger derzeit zu einem
Engagement in Aktien des US-Konzerns Texas Instruments (WKN 852654).

Texas Instruments sei der weltgrößte Hersteller von Chips für drahtlose
Kommunikation. Da weltweit rund zwei Drittel der in Handys verwendeten Chips
von dem US-Konzern stammten, stelle sich die Umsatz und Ertragsentwicklung
außerordentlich dynamisch dar. Dies machen auch die jüngsten Quartalszahlen
erneut deutlich. Der Umsatz sei um 30% auf 2,6 Mrd. Dollar gestiegen, während
der Gewinn gegenüber dem Vorjahr um rund 60% in die Höhe geschossen sei.
Mit 51 (Vorjahr: 31) Cents, seien außerdem die Konsensusschätzungen von 47
Cents klar geschlagen worden. Der Ausblick für das laufende Jahr falle sehr
positiv aus. Die Unternehmensleitung erwarte eine weiterhin starke Nachfrage
nach Handys und sehe große Wachstumschancen im Internetsektor.

Insbesondere in Verbindung des Web mit drahtloser Kommunikation sei die
Fantasie groß. Texas Instruments bleibe für die Experten ein Kauf.

Howdy,
aggie

[aggie]

03.02.2000
Texas Instruments Kursziel $150
Lehman Brothers



Die Lehman Brothers haben gestern in New York das Kursziel für das
US-Unternehmen Texas Instruments (WKN: 852654, TXN) angehoben.

Analyst James Barlage teilte mit, daß man für den Halbleiterhersteller ein
12-Monatskursziel von $150 erwarte. Bisher habe der Wert bei $95 gelegen.
Barlage bekräftigt zudem seine Kaufempfehlung.

Diese Entscheidung werde durch die Tatsache untermauert, daß TXN sehr gute
Quartalsergebnisse im 4. Quartal veröffentlicht habe, die über den Prognosen der
Analysten gelegen hätten.

Das Papier notierte gestern bei etwa $113.

Aktuell: $128

Howdy,
aggie

[aggie]

Thursday February 3, 3:57 pm Eastern Time

Company Press Release

SOURCE: Texas Instruments Incorporated

Year 2000 Marks Beginning of Broadband Internet Era; Senior Texas
Instruments Executive Speaks at Investor Conference

SAN FRANCISCO, Feb. 3 /PRNewswire/ -- Texas Instruments (NYSE: TXN - news) Executive Vice President Rich Templeton told a Bank of America
Securities conference today in San Francisco that the year 2000 will be remembered for more than the millennium.

``The year 2000 is a milestone -- not because of the millennium but because it marks the beginning of an Internet Era dominated by broadband communications.
This is an era which personal computing becomes more personal than ever and a host of new appliances proliferate and connect,`` Templeton said.

The Internet is about at the same stage of development that the telephone system was a century ago -- in its infancy. The technologies driving the Internet Era
and the push for broadband to homes and offices are programmable digital signal processors (DSPs) and analog -- two semiconductor segments where TI is
the world leader.

``TI intends to accelerate the broadband evolution,`` Templeton said. ``Working with the world`s premier digital wireless handset companies, we helped make
wireless phones smarter, more powerful, more mobile and more affordable. That is exactly what we intend to do for broadband.``

Digital wireless handset growth was 70 percent in 1999 and two of every three digital phones used TI DSPs. Broadband opportunities should be as strong with
the explosive growth seen in wireless during the past five years Templeton added.

Templeton said that every telecommunications company -- telco, cable and wireless -- must invest heavily in the Internet Era. Being able to provide the greatest
value and efficiency to those network providers will be critical.

Advances in DSP technology by TI provide more powerful capabilities while consuming less electrical power and occupying less space in the carriers` facilities.
And because TI`s DSP technology is fully programmable, carriers can upgrade their networks as standards evolve, thus protecting their investments in
broadband infrastructure.

TI has DSP-based solutions for copper, coaxial cable and wireless networks, aimed at both the infrastructure and client sides Templeton said. TI also has the
technological expertise, the scale and the financial strength needed for the broadband market.

Leading telecommunications equipment manufacturers such as Siemans, Ericsson, Samsung and Hyundai already have selected TI`s DSL (digital subscriber line)
solution for their central office products. On the consumer equipment side, companies such as IBM, 3Com and China`s Legend Computer, the largest personal
computer maker in China, have chosen TI`s DSL technology.

And as wireless communications moves to third generation technology or 3G, TI DSPs will add robust data capabilities to this traditionally voice-only sector. TI
has designed DSPs specifically for this market. Eight of world`s top 10 base station manufacturers have chosen TI and the world`s two largest digital wireless
phone makers -- Nokia and Ericsson -- already have selected TI DSPs for their 3G handsets.

TI`s capabilities also are being utilized in broadband voice gateways that enable voice services over DSL and cable modems. In Voice over DSL, four out of
five equipment suppliers have chosen TI DSPs. In the Voice over Cable market, 90 percent of voice-enabled cable modems have designed in with TI
technology.

``There is incredible potential here,`` Templeton said. ``TI envisions a world where every wireless call, every phone call and every Internet connection is touched
by a TI DSP.``

Howdy,
aggie

[aggie]

Thursday February 10, 1:27 pm Eastern Time
Company Press Release
SOURCE: Texas Instruments Incorporated
Digital Wireless Handsets to Grow More Than 60 Percent in 2000 Texas Instruments Executive Tells Investor Conference; New Phones Demand Higher Performance Digital Signal Processors
PALM SPRINGS, Calif., Feb. 10 /PRNewswire/ -- The head of Texas Instruments (NYSE: TXN - news; TI) wireless business unit told a Goldman Sachs Technology Symposium in Palm Springs today that 1999`s torrid pace in the market for wireless phones should continue into 2000. And TI`s outlook is for strong demand to continue for the next several years as semiconductor technology propels the market toward third generation (3G) phones that will have the ability to link to the Internet with high-speed connections.

``The wireless market is still booming,`` said Gilles Delfassy, vice president and manager of TI`s worldwide wireless communications business. ``We estimate that the digital wireless handset market will grow by more than 60 percent this year to 435 million units. Not only do TI`s digital signal processors power more than 60 percent of today`s phones, we`re also engaged in development programs with the market leaders, including both Nokia and Ericsson, to literally mobilize the Internet with next-generation phones.``

TI is the leading supplier of semiconductors for digital wireless handsets. Beyond its industry-best position in the DSP ``brain`` for wireless phones, TI has an equally strong market position in analog components for wireless phones. In total, eight out of 10 digital phones shipped worldwide have TI semiconductor products inside. The importance of TI`s manufacturing strength is becoming increasingly evident as market volumes continue to increase. According to Delfassy, although it took five years in the mid-1990s for TI to ship its first 100 million DSPs into the wireless market, TI will ship that many DSPs to wireless phone makers in the first few months of this year alone.

``By working closely with the world`s leading digital phone makers, we`ve been able to make wireless phones smarter, more powerful and more mobile,`` Delfassy said. ``The next step is enabling new features in wireless handsets like streaming audio, video and mobile e-commerce through wireless broadband capabilities.``

New wireless standards and the demanding data applications they allow will dramatically increase the need for higher DSP performance. Tomorrow`s digital wireless phones will do much more than transmit voice calls. They will be wireless Internet portals. These wireless phones will need significantly more processing performance than today`s phones but still use the same -- or less -- battery power.

``Applications will be the key,`` Delfassy said. ``TI addresses those needs through our Open Multimedia Applications Platform, or OMAP. OMAP supports sharply increased data rates, enabling a wide range of new functions. While being backward compatible with wireless products in use today, OMAP`s software flexibility will enable consumers to buy and download new applications from their phones directly from the Internet, in the same fashion as personal computers can be upgraded today with new applications.``

Already, two of the world`s largest digital wireless phone makers -- Nokia and Ericsson -- are in development programs with TI to use OMAP for their next generation phones.

On the base station side, eight out of the world`s top 10 base station manufacturers have chosen a new TI DSP specifically targeting 3G base stations.

TI is the world leader in both the DSP and analog semiconductor markets. Analog technologies provide critical real-world interfaces for the digital signal processor and also help control system power to maximize battery life for mobile applications. These are two critical technologies behind a range of advanced communications equipments -- from digital wireless phones to broadband connections to the home, including digital subscriber line (DSL) modems and cable modems.

``Success in the wireless market requires leading-edge diverse technologies, financial strength, production capacity and wireless systems expertise. TI has all that,`` Delfassy said. ``We`re working very hard to extend our leadership position as wireless phones move to data-rich next generation applications.``


TXN Closing at $145 and a split will coming soon!!!!

Howdy,
aggie

[aggie]

Texas Instruments pushes chips for wireless devices
By Bloomberg News
Special to CNET News.com
February 22, 2000, 10:30 a.m. PT

NEW YORK--Texas Instruments unveiled two chips that will make Internet access faster and let
mobile phones run for weeks without recharging.

One of the new so-called digital-signal processors (DSPs) is about 10 times faster than the company`s
current ones. It will let Texas Instruments customers such as Nokia, Ericsson and Motorola develop
phones that can retrieve video from the Internet.

The second chip uses one-sixth of the battery power of current DSPs and is designed to increase the
battery life of wireless devices.

Texas Instruments controls 48 percent of the $4 billion DSP market, and its chips run two-thirds of the
world`s cellular phones. The chips unveiled today will help the Dallas-based company boost market share, chief executive
Tom Engibous said.

"We are going to extend that lead for many years to come," he added.

Texas Instruments` dominance in the DSP market has fueled the company`s stock, which has nearly tripled from a year ago.
The stock sold for around $50 this time last year.

Shares in the semiconductor maker rose $6.63, or about 5 percent, to $140.63 in midday trading.

DSPs translate signals such as sound and light into digital computer language for use in
devices such as cell phones, which must process a voice signal as quickly as it is spoken.

Consumers will be able to buy products that use the new chips by year-end. The devices
may include digital cameras that transmit pictures to the Internet over a wireless connection,
better-quality audio and video players, and wireless devices that download software directly
from the Web.

"This is probably the biggest announcement they`ve made in the last few years," said Will
Strauss, president of Forward Concepts, a market research firm in Tempe, Ariz.

Strauss estimates DSP sales will more than triple to $13 billion in 2003. Texas Instruments
competes with Lucent Technologies and Analog Devices in the DSP market.

The company already has shipped the low-power DSPs to its biggest customers; it will make them available to the mass
market during the next few months.

"We`ve got the endorsement from the market leaders like Nokia and Ericsson," said vice president Mike Hames, who runs
Texas Instruments` DSP operations.

Texas Instruments will begin shipping the high-performance DSPs this summer, Hames said. They will allow manufacturers
to create phones that can be upgraded with new software, he added.

Both chips will be in full-scale production in one to two years. Initially, they will be made in Texas Instruments factories in
Dallas, Hames said.

By using less power, the new chips help portable devices such as cell phones and audio players "put the Internet in your
pocket," Engibous said.

Battery life is crucial to the design of portable devices. Chips that use less power mean the devices can run longer without
recharging.

In addition to cell phones, Texas Instruments` chips are used in computer modems, household appliances and children`s
toys. The company estimates that the market for mobile phones will increase 60 percent this year to 435
million handsets. That`s largely because of so-called third-generation phones that have high-speed
connections to the Internet.

The new DSPs also will make fast Internet connections to the home more affordable and lead to new
medical devices such as wireless heart monitors, the company said.

"TI is clearly hitting the hot new markets with these chips," Strauss said. "It would take three years for others to match the
breadth that TI offers."

During the past three years, Texas Instruments has sold businesses, including its defense-electronics and
computer-memory operations, to focus on building DSPs and the analog chips that complement them.


This will have a big impact on Profits as well as on Revenues!

Howdy,
aggie

[aggie]

Texas Instruments Breaks Records With World`s Fastest and World`s Lowest-Power DSPs
- 10x the Performance Makes the Broadband Pipe to the Home Faster, Cheaper - One-Sixth the Power Puts the Internet in Your Pocket - TI Further Extends Market and Technology Leadership in DSP Industry
Investor Conference Call on Website at 10 A.M. EST
Live Webcast With TI Chairman Scheduled for Noon EST; Technical Webcast to Follow at 1 P.M.
NEW YORK, Feb. 22 /PRNewswire/ -- Texas Instruments (NYSE: TXN - news) today introduced the world`s fastest and the world`s lowest-power digital signal processors. These new programmable DSPs will be the first to provide the real-time speed and the power efficiency required for personal wireless multimedia Internet appliances, and they will push the Internet-era communications infrastructure to higher levels, driving the convergence of high-speed broadband voice, video and data into homes. (http://www.ti.com/newdspcores)" target="_blank" rel="nofollow ugc noopener">http://www.ti.com/newdspcores)

``We`ve pushed the fast forward button on the Internet future. How, when and where people connect to the Internet is about to change. With these new DSPs, TI now provides the processing power that will make the broadband pipe to your home bigger and cheaper, and the battery life that can put the Internet in your pocket,`` said Tom Engibous, TI chairman, president and chief executive officer.

These new DSPs are called ``cores,`` meaning multiple chips will be available from each core. Products using these chips could be available to consumers within a year.

The first of these new DSPs, the TMS320C64x(TM), will deliver 10 times the performance of today`s fastest DSP. It will drive infrastructure applications such as broadband to the home and third-generation (3G) wireless base stations. Operating at speeds up to 1.1 gigahertz (or 1,100 megahertz), this core can compute nearly nine billion instructions per second. With these performance levels, it will be possible and practical to deliver huge amounts of personalized data, video and voice over a single broadband line into the home. It also will enable 3G base stations to send multimedia signals to wireless handsets.

The second new DSP, the energy saving TMS320C55x(TM), requires only 15 percent of the power of the most power-efficient DSP available today, yet delivers five times the performance. It is targeted at Internet appliances that will combine voice, video and data -- products that are talked about, but can not be created today without a DSP like this one. It will enable a new breed of sleek, personal, portable 3G phones, digital music players and digital cameras -- or even equipment that combines all three into one -- with a constant on-line link to the Internet. The low power means that batteries will last weeks instead of days. Large cellular phone makers have already chosen the C55x(TM) DSP for their 3G handsets.

These new DSPs are fully programmable and software compatible with previous generations. This means electronics manufacturers can immediately focus on creating new products, rather than writing new software from scratch. It is also good for consumers because it protects them by making it possible to upgrade electronic equipment with a software Internet download.

``These are the chips Dick Tracy(TM) has been waiting for to power his wristwatch. Now he`ll not only make a wireless call, he`ll also access the Internet to check his stocks, run a personal electro-cardiogram and e-mail it to his doctor, send a digital photo of a suspect to the police station, all while listening to music downloaded from the web,`` said Mike Hames, vice president and manager of worldwide digital signal processing for TI.

Software and design tools already are available for these new DSPs on TI`s web site. About 50,000 programmers today are designing products around TI`s total DSP portfolio.

According to the leading DSP market analysis firm, Forward Concepts, programmable DSPs are one of the fastest-growing segments of the semiconductor market, with projected average growth rates of 30 percent a year. The programmable DSP market is expected to grow from $4 billion in 1999 to $13 billion in 2003. TI is the technology and market share leader in DSP, with 48 percent market share. This is greater than the market share of its nearest two competitors combined.

Customers and Industry Analysts Comment on TI`s new DSPs

``What you`ve got here are a couple of knockouts,`` said Will Strauss, president of Forward Concepts. ``TI is clearly hitting the hot new markets with these chips. It would take three years for others to match the breadth that TI offers.``

``These DSPs from Texas Instruments are key engines for the new Internet ecosystem that converges data, voice and video into packetized, standards-based, interoperable applications,`` said Roland Acra, vice president and general manager of Cisco`s Remote Access Business Unit. ``TI`s new C55x(TM) and C64x(TM) DSP cores are viewed as key parts of our roadmaps to continue leading the Internet revolution for applications ranging from Voice Over Packet to the most powerful Broadband Infrastructure Systems.``

``With the C64x(TM) and C55x(TM) DSPs announced today, TI is providing Ericsson with the processing power to create breakthrough products for the new telecommunications world,`` said Gosta Lemne, Ericsson, vice president, Corporate Function Technology, Access Technology Management.

``TI`s C54x(TM) DSP is a recognized success in the wireless communications industry,`` said Yrjo Neuvo, senior vice president of product creation, Nokia Mobile Phones. ``With the breakthrough power efficiency and leading-edge performance of the C55x(TM) DSP core announced today, TI is extending its leadership in the competitive industry.``

Safe Harbor Statement: Statements contained in this press release regarding the performance of the announced digital signal processors and other statements of management`s beliefs, goals and expectations may be considered ``forward-looking statements`` as that term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Expectations of product performance are based on testing and simulations by TI. Please refer to TI`s most recent Form 10-K for more information on the risks and uncertainties that could materially affect future results of operations. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

The worldwide leader and pioneer in digital signal processing solutions since 1982, Texas Instruments provides innovative DSP and mixed signal/analog technologies to more than 30,000 customers in the computer, wireless communications, networking, Internet, consumer, digital motor control and mass storage markets worldwide. To help customers get to market faster, TI offers easy-to-use development tools and extensive software and hardware support, further complemented by close to 300 third-party DSP solutions providers.

Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of digital signal processing and analog technologies, the engines driving and digitalization of electronics. Headquartered in Dallas, Texas, the company`s business also includes materials and controls, and educational and productivity solutions. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com.



TXN: closed at $149 (+ $15)

Howdy,
aggie

[ica]

25.02.2000
Texas Instruments Kursziel $165
Credit Suisse First Boston

Die Analysten der Credit Suisse First Boston haben das Kursziel für die Aktie des High-Tech-Unternehmens Texas Instruments (WKN: 852654, TXN) angehoben.

Wie Analyst Charlie Glavin gestern in New York mitteilte, habe er das Kursziel des Halbleiterherstellers von $140 auf $165 angehoben.

Die Kaufempfehlung bestehe weiterhin. Dabei sei die Einführung zweier neuer Chips einer neuen Generation ein weiter Beitrag zur Stärke des Unternehmens

[aggie]

Wednesday March 1, 6:59 am Eastern Time

Company Press Release

SOURCE: Texas Instruments Incorporated

Texas Instruments First-Quarter ADSL Shipments Up 5x From Fourth
Quarter 1999; Shipments of 1 Million Ports Expected Through June

DALLAS, March 1 /PRNewswire/ -- Texas Instruments (NYSE: TXN - news; TI) will today announce to audiences at the company`s two-day annual
conference for financial analysts and investors that it will ship 300,000 asymmetric digital subscriber line (ADSL) modem ports in the first quarter of this year, a
5x increase from the fourth quarter of 1999. ADSL is a high-speed access technology that allows homes to have an always-on and dedicated connection to the
Internet. Through June 2000, the company expects to ship 1 million modem ports. These solutions, built on TI`s world-leading programmable digital signal
processors (DSPs), analog and software technologies, will be used by key central office and customer premises equipment manufacturers to deliver the most
flexible and interoperable ADSL solutions in the industry. For more information on TI`s ADSL technology, see http://www.ti.com/sc/access." target="_blank" rel="nofollow ugc noopener">http://www.ti.com/sc/access.

``TI is gaining significant market momentum this year, and is well positioned going forward as the global market for DSL continues to ramp up,`` said Shannon
Pleasant, Senior Analyst for In-Stat.

The proliferation of ADSL is in its early stages. TI expects the industry will ship a total of 8 million ADSL ports in 2000, with that number growing to 60 million
in 2003.

Enabling rapid ADSL deployment to consumers and businesses worldwide, TI is currently engaged with major telecommunications, personal computer and
modem manufacturers who are working with the world`s leading ADSL local exchange carriers. A few examples include relationships with Hyundai, IBM and
Siemens.

``As a major ADSL system supplier to Korea Telecom, Korea`s leading service provider, Hyundai, has developed TI-based SpeedXess modems in both our
central office ADSL equipment and CPE modems,`` said Dr. SeungChul Park, general manager for Information and Telecommunications at Hyundai. ``With
TI`s chipsets at the core of our solution, Hyundai will assist Korea Telecom to deploy 1 million lines by the end of 2000.``

IBM also integrates TI`s chipsets in their ADSL-enabled desk-top PCs that are used in a variety of deployment scenarios including the recently announced
promotion between IBM and SBC Communications, Inc. to offer ready-to-use high speed Internet access to the 10 million customers in SBC`s service
territory.

``As a major telecommunications equipment vendor, Siemens manufactures central office equipment based on TI`s programmable, multi-line ADSL chipsets for
service providers including Deutsche Telekom and Tele Danmark,`` said Albrecht Baur, president of Siemens ICN Broadband Access Division.

TI is currently engaged with several other manufacturers to provide advanced DSL solutions and plans to announce additional industry-leading customers
throughout the year. Additional publicly announced customers today include Allied Data, Ambit Microsystems Corporation, Askey Computer Corporation,
Boca Research, CIS Technologies, Ericsson, Efficient Networks, GVC, Legend Computer, NEC, Paradyne, Pulsecom and Samsung. With approximately 90
percent of voice over DSL (VoDSL) vendors using TI`s DSPs in their products, TI is also the leading silicon solutions provider for VoDSL. Industry leaders
such as Accelerated Networks, CopperCom, Efficient Networks, Flowpoint and JetStream Communications are among TI`s current VoDSL customers.

Utilizing TI`s fully-programmable TMS320C6000 DSP core technology, TI ADSL chipsets offer customers the flexibility to implement any version of ADSL,
from G.lite to splittlerless full-rate ADSL. TI`s fully-interoperable ADSL solutions build on the company`s five chipset generations to deliver a complete portfolio
of hardware and software solutions for both ends of the wire. TI also provides unparalleled density in the central office since it is the only silicon solutions
vendor with a four-port central office chipset in full production today.

``2000 will be a breakout year for TI in the ADSL market,`` said George Barber, TI vice president and general manager for TI`s Broadband Access Group.
``Our business will transition from technology development into volume production for some of the best companies in the world. As explosive Internet usage
converges with widespread broadband access, it will create one of the most exciting programmable DSP opportunities since the cell phone.``

Safe Harbor Statement: Statements contained in this press release regarding product shipments, customer engagements, growth in the broadband market and
other statements of management`s beliefs, goals and expectations may be considered ``forward-looking statements`` as that term is defined in the Private
Securities Litigation Reform Act of 1995, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or
implied by these statements. Expectations of product shipments are based on orders received and forecasted by TI. Expectations of customer engagements are
based on ongoing negotiations. Expectations of growth in the broadband market are based on market modeling combined with TI`s experience in the remote
access market. Please refer to TI`s most recent Form 10-K for more information on the risks and uncertainties that could materially affect future results of
operations. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press
release.

Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of, digital signal processing and analog
technologies, the engines driving and digitalization of electronics. Headquartered in Dallas, Texas, the company`s business also include materials and controls,
educational and productivity solutions, and digital imaging. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at
http://www.ti.com

SOURCE: Texas Instruments Incorporated

Howdy,
aggie

[aggie]

Vergleicht einmal die Performance von Intel, Motorola, AMD, National Semiconductor oder sonst einem Halbleiterwert mit der von Texas Instruments seit dem 1.9.1998!


Howdy,
aggie

[Ein Fuchs]

Texas Instruments: Absatz von ADSL Produkten boomt
von: Jens Grübling
Texas Instruments (TXN) profitiert weiter von der Nachfrage nach schnelleren Internetzugängen und Bandbreiten. Besonders der Verkauf von ADSL (asymmetric digital subscriber line)- Produkten boomt, über 300 000 Modems und 200 000 Chips für die ADSL Technik sollen im 4.Quartal verkauft werden.Die ADSL Technik ermöglicht Übertragungsraten von 1,5 - 6 MB/s und wird in Zukunft die Verschmelzung von TV und Internet ermöglichen.

Texas Instruments schloß am Dienstag bei 166 $.

[aggie]

hursday March 2 11:19 AM ET

Texas Instruments Expects Growth

DALLAS (Reuters) - Riding a wave of demand for computer chips for wireless communications, Texas Instruments
(NYSE:TXN - news) Inc. on Thursday said it expects continued growth in sales for the first quarter and gross profit margins
for the foreseeable future.

The Dallas-based manufacturer of specialized semiconductors, which convert sound and images into the digital information
that digital cellular phones, modems and computers understand, told an annual conference for financial analysts it was solidly
positioned for continued growth.

``TI is far more product-rich than at any time in its history and secondly, we are embedding a lot more valuable IP
(intellectual property) and content in these rich products than ever before,`` Chairman, President and CEO Tom Engibous
told the conference.

Engibous said gross profit margin had grown 18 points to 48.3 percent for 1999 from 30.3 percent in 1996 as the company
shifted its strategy to focus on digital signal processors (DSP) and analog chips used in wireless communications as well as
the growing market for high-speed Internet connections and Internet devices.

``In the area of gross margins, we do not yet see the end of the runway (for growth),`` Engibous said, adding TI expected to
be able to continue lowering production costs while raising the value-added content of its chips.

As far as sales, TI repeated a recent forecast that semiconductor sales in the current first quarter of 2000 would be higher
than the previous quarter`s $2.2 billion.

``Communications end-equipment that depends on real-time DSP and analog technologies should continue to drive much of
the market,`` TI said in a statement released at the conference.

Aktuell: TXN $174

Howdy,
aggie

[aggie]

Friday March 3, 9:18 am Eastern Time

RESEARCH ALERT - Texas Instruments raised

NEW YORK, March 3 (Reuters) - Credit Suisse First Boston and Warburg Dillon Read raised their price targets and earnings
estimates on computer chip maker Texas Instruments.

-- CSFB analyst Charlie Glavin raised his price target to $200 from $165.

-- ``Management now believes it is possible for operating margins to exceed 25 percent by year-end,`` he said.

-- said sees likelihood of further acquisitions to expand its digital subscriber line, wireless and cable products and enable data and voice high-speed capabilities.

-- raised 2000 earnings estimate to $2.54 per share from $2.51, and raised 2001 estimate to $3.15 from $3.05.

-- Warburg Dillon Read analyst Gregory Mischou raised his price target to $240; previous target not immediately available.

-- Increased 2000 earnings estimate to $2.42 a share from $2.26, and raised 2001 estimate to $3.20 from $2.98.

-- Shares closed at 173-1/4 on Thursday on the New York Stock Exchange.

Howdy,
aggie

[aggie]

TI looks to overtake Intel as
leading semiconductor maker

By Darrell Dunn
Electronic Buyers` News
(03/03/00, 04:12:20 PM EDT)

The shift in the electronics industry from PC-centric to one
driven by communications and Internet-related appliances
has set the stage for Texas Instruments Inc. to supplant
Intel Corp. in the next decade as the dominant force in the
semiconductor industry, said TI executives at the company`s
annual analyst briefing in Dallas this week.

“I wouldn`t trade TI`s position for anyone else`s in the
industry,” said chairman, president, and chief executive Tom
Engibous. “TI is in the best position of any semiconductor
company in the world for the era we`re now in. ... The PC is
not going away, but we believe that DSP and analog are the
two most important semiconductor technologies of the next
decade.”

TI`s two principal businesses, DSP and analog, rank eighth
and second in the industry, respectively, on the World
Semiconductor Trade Statistics (WSTS) list of total available
market leaders. Engibous believes these two product
segments could rank No. 1 and No. 2 by 2010, with DSPs
overtaking the current leader, microprocessors, in total
revenue.

Analysts agree that DSP could well become the key
technology of the decade, particularly if all the products that
incorporate DSP functionality are factored into the WSTS`
calculations.

“There will be no microprocessor shipping in 2010 without
DSP capabilities,” said Will Strauss, an analyst at Forward
Concepts Co., Tempe, Ariz. “If you look at the processing
budget of whatever is shipping then, the bulk of the mips will
be devoted to DSP functions. It becomes a question of
definition. Is it a DSP? Is it a microprocessor? What is
known is that DSP has become the technology driver for the
whole semiconductor industry.”

TI last year expanded its dominant position in
general-purpose programmable DSPs, where the company
controls nearly half of the $4.4 billion market, according to
Forward Concepts.

But general-purpose DSPs represent only a portion of the
total DSP market, which also includes nonprogrammable
and application-specific devices, microcontrollers and
processors that include DSP functions, and emerging
system-on-a-chip implementations. TI must also ultimately
control these sectors to become the “new Intel.”

“DSPs must be defined broadly today,” said Vadim
Zlotnikov, an analyst at Sanford C. Bernstein & Co. Inc.,
New York. “It`s all about the shift to high-end signal
processing, which includes ASIC cores, modified
microprocessors, and fixed-function devices.

“TI`s trying to position itself as a dominant force in a new
environment that`s different from the one Intel has been so
successful in,” Zlotnikov said.

In the future, TI and Intel may increasingly butt heads, as the
Santa Clara, Calif., chip manufacturer has embarked on an
effort to expand its DSP capabilities through acquisitions of
such companies as DSP Communications and a joint DSP
development program with Analog Devices Inc.

But going up against TI in this arena will be no easy task for
Intel. “It`s very difficult to pull off a strategy where one
business is aimed at the ultrahigh-value, low-volume market
like Zeon and Itanium, and at the same time carry through
with a high-volume, low-margin DSP strategy,” Zlotnikov
said. “All of TI`s marketing is aimed at proliferating its
architecture across all potential uses, irrespective of the
value-added.”

TI`s efforts of late “are off the chart,” said Jonathan Joseph,
an analyst at Salomon Smith Barney Inc. in San Francisco.
“They`re doing very well. Their manufacturing gains are going
to continue to drive costs down and profits up. Intel`s a long
way away from being a force in DSP. You can`t rule them
out because of their resources, but Intel still has a lot of
work in front of it.”

TI`s improved manufacturing capabilities will help give the
company a continued technological edge, according to
Engibous. About 90% of TI`s silicon is produced in its own
fabs, which it sees as an advantage over DSP competitors
like Analog Devices and Motorola Inc., which have
increasingly moved production to foundries.

TI is pushing production to a 0.15-micron process
technology. Geometry shrinks and other process
improvements will enable the company to ship 30% more
devices this year than in 1999 to its highest-volume market,
wireless communications, while using fewer wafers than last
year, Engibous said.

The company also plans to have its first 300-mm-wafer fab in
production next year.

“Seven years ago, I dreamed that all wireless phone calls
would go through a DSP,” Engibous said. “We realized that
dream a couple of years ago. ... We can now dream of every
Internet connection going through a DSP; and with
voice-over-packet, DSL, and cable, we can dream of a time
when every phone call goes through a DSP.”

Howdy,
aggie

[aggie]

Friday March 10, 11:25 am Eastern Time

Barco signs TI projector deal

BRUSSELS, March 10 (Reuters) - Belgian electronics firm Barco said on Friday Texas Instruments (NYSE:TXN - news)
had signed a deal to supply it with its digital Digital Light Processing (DLP) Cinema technology.

Terms were not disclosed.

``This agreement will allow Barco to develop a completely new range of projectors that will have the capability of replacing 35 millimetre film projectors in
cinema theatres around the world,`` Barco Digital Cinema Managing Director Sjoerd De Clerck said in a statement.

The global market for converting more than 100,000 cinemas to digital projectors is worth $10 billion over 10 to 20 years, De Clerck said.

DLP uses ``digital micromirror devices,`` optical semiconductor chips providing an array of millions of hinged, microscopic mirrors which operate as optical
switches to create high-resolution colour images.

PS: Mission to Mars is the next Movie, which will be projected with TI`s DLP Technology! This is definitively a big step forward for the DLP Technology!

Howdy,
aggie

[Imi]

Hallo Leute !
Gestern Abend in der Telebörse gab es eine interessante Einschätzung zu TI (Top Pick) durch Andre´Jäckel, BHF- BAnk mit einem sechseitigem FAxabruf unter der Nr: 0190/512774 (nur noch heute abrufbar )
Gruß, Imi

[aggie]

14.03.2000
Texas Instruments ist attraktiv
BHF-Bank



Analyst André Jäckel und seine Kollegen von der BHF-Bank erachten die Aktien
von Texas Instruments (WKN 852654) derzeit als attraktives Investment für
risikobereite Investoren.

Der fünftgrößte Chiphersteller der Welt ist laut Jäckel mit 48 % Anteil
dominierender Marktführer bei Digital Signal Processors, die in der Zukunft das
strategisch wichtigste Chipsegment darstellen würden. DSPs seien Chips, die in
Echtzeit gigantische Datenmengen, wie sie beispielsweise bei der Digitalisierung
von Sprache, Video oder Musik anfallen, verarbeiten könnten. Damit sei der DSP
nicht nur das Herzstück eines jeden Handys, sondern auch in jedem
MP3-Player, DVD-Player, TV etc. finde sich laut dem BHF-Analysten ein DSP.
Im Zuge der Konvergenz der Sprach- mit den Datennetzen würden DSPs in
jedem Telefon zukünftig eingesetzt. Jede Datenübertragung basiere auf einem
DSP-Chip. TI könne hier seine Marktstellung seit 6 Jahren sogar kontinuierlich
noch ausbauen (1993: TI 40,5%, Marktanteile 1999: TI 48%, Lucent: 25%,
Motorola: 12%, ADI 11%.

Hintergrund für den Erfolg von TI im DSP-Geschäft, das ca. 19% des Umsatzes
ausmache, sei die Programmierfähigkeit der DSPs. Dabei setze TI Familien von
DSPs auf, wie die beiden zuletzt vorgestellten C55 und C64, die dann mittels
Software an die einzelnen Funktionalitäten angepasst würden. Zur Zeit entwerfen
laut Jäckel 50.000 Entwickler (1998: 38.000) Software auf Basis der TI-DSPs. TIs
DSPs seien die derzeit schnellsten am Markt verfügbaren. Dementsprechend
stecke in zwei Dritteln aller Handys ein DSP von TI. In 80% aller Basisstationen
im Mobilfunk sei ein Chip von TI. So erwarte TI für das 1. Quartal 2000 eine
Verfünffachung des Liefervolumens an ADSL-Chips. Zur Zeit liefere TI pro Quartal
insgesamt rund 100 Mio. DSPs aus – mit akzelerierender Tendenz.

Neben den DSPs sei TI Marktführer bei analogen Chips (11% Marktanteil), wie
sie ebenfalls vor allem in Handys, DVD-Playern, TVs, Telefonen etc. eingesetzt
würden. Mit 2,8 Mrd. USD Umsatz führe TI weit vor Philips, STM und Motorola
und wachse dabei noch schneller als die Peer-group. Allein in 2000 werde TI
voraussichtlich 280 neue Produkte herausbringen (1999: 191, 1996: 27). Dabei
ziehe die Marktführerschaft bei den DSPs auch Aufträge aus dem
Analogiebereich nach sich: 22% der TI-DSP seien 1999 mit einem
TI-Analog-Chip verkauft worden, so die BHF-Bank. Für 2000 erwarte TI einen
Anstieg der Cross selling-Rate auf über 40%.

TI ist dem BHF-Analysten zu Folge eines der am besten positionierten
Chipunternehmen weltweit, das aufgrund der multifunktionalen Nutzung seiner
marktführenden DSPs ein langfristig stabiles Wachstum aufweise. Im guten
Vorquartalsergebnis machten sich die massiven Skaleneffekte bemerkbar, die TI
durch seine programmierbaren DSPs erziele. Mittelfristig sollte nach Meinung
von Jäckel TI in die Margenregion von 30% Ende 2000 vorstoßen. Durch das
sequentielle Wachstum in 2000 Q1 sollte das hohe Expansionstempo gehalten
werden, meint der Anlage-Experte. Längerfristig erwarten Jäckel und seine
Kollegen ein Gewinnwachstum von 25-30% p.a. Der Konsensusgewinn liege auf
2001er Basis bei rund 2,97 USD gegenüber 2,34 USD für 2000. Daraus ergebe
sich ein KGV von rund 59.

Howdy,
aggie

[Ein Fuchs]

Mittwoch, 22. März 2000, 19:00 Uhr

Texas Instruments: Handheld-Deal mit Microsoft
von: Jens Grübling

Texas Instruments (TI) und Microsoft wollen gemeinsam die Entwicklung von leistungsfähigerer Software für drahtlose Handheld-PCs vorantreiben.

Microsoft will dabei die DSP (Digital Signal Processor)-Technik von Texas Instruments einsetzen und dadurch die Leistungsfähigkeit der Windows CE-Software erhöhen.Dadurch wird es in Zukunft möglich sein, Audio- und Videodaten in Handheld-PCs mit höherer Geschwindigkeit zu empfangen und zu übertragen; z.B. werden die Mini-PCs Videokonferenzen ermöglichen.

Texas Instruments notiert aktuell bei 158% (-2%).
----------------------
Bisher das Original, nun eine kleine Korrektur: Die Aktie notiert nicht bei 158% sondern bei $181 (+2%).

Fuchs

[aggie]

"Analysts respond favorably to TXN strategies, goal"

"Bear Stearns upgraded Texas Instruments to `buy` from `attractive` based on strog product positioning, fast-growing end markets and smooth execution. CS First Boston analyst Charlie Galvin raised his price target to $200, noting that operating margins could exceed 25 percent by the end of the year. Galvin believes Texas Instruments will continue to make aquisitions to augment its DSP, wireless and cable capabilieties. Warburg Dillon Read also upped its target to $240, and Prudential boosted its price target from $165 to $250," CBS Market Watch.

Howdy,
aggie

[plus100]

Der Andre Jäkel, scheint echt Ahnung zu haben.
Texas Ins. hat sich für nen Hightech-Wert sehr gut gehalten
in der Korrekturphase. Wir werden noch viel Freude an dieser
Aktie haben.

[aggie]

TXN Beats Analysts estimates for revenues as well as for profit!

TI Reports 1Q00 Financial Results

PR Newswire
Monday April 17 4:32pm

- Revenue of $2653 Million, Up 27% from Year Ago - Pro Forma Earnings Per Share of $0.55 -
Pro Forma Gross Profit Margin Expands to 49.5% - DSP Revenues Grow 50%, Analog 25%
from Year Ago 1Q conference call and slide presentation on Web site Conference call begins at
4:30 p.m. Central Time www.ti.com

DALLAS, April 17 /PRNewswire/ -- Texas Instruments Incorporated (NYSE: TXN) today announced
first-quarter 2000 financial results that showed continued strong growth for the company.

"This is a good start to 2000," said Tom Engibous, TI chairman, president and CEO. "Internet and
communications applications continued to be our largest growth drivers, reinforcing the importance of
programmable digital signal processors (DSPs) and analog products to the Internet age. This quarter we
moved into high-volume production of DSPs for broadband applications; we announced two new cores
that will provide the highest- performance and the lowest-power DSPs; and our DSPs power a number
of new products, including Cisco`s new generation of Internet Protocol phones and Sony`s next Internet
audio player."

Summary of Financial Results
For the first quarter of 2000, TI reported the following:

Total revenues were $2653 million, up 27 percent from $2081 million in the year-ago quarter
and up 4 percent sequentially, primarily due to increased strength in semiconductor.
Semiconductor revenues were $2270 million, up 30 percent from $1741 million in the same
quarter of 1999 and up 3 percent sequentially.
Pro forma gross profit margin expanded to 49.5 percent, up 3.0 percentage points from the first
quarter of 1999 and up 0.7 percentage points sequentially.
On a pro forma basis, profit from operations was $576 million, an increase of 70 percent from
$340 million in the year-ago quarter and up slightly from fourth quarter 1999.
Operating margin for the first quarter was 21.7 percent on a pro forma basis, up 5.4 percentage
points from 16.3 percent in the year-ago quarter due to increased product shipments. Pro forma
operating margin decreased by 0.4 percentage points from the fourth quarter of 1999, due to
increased strategic investment in research and development (R&D) for DSP and analog.
Pro forma net income for the quarter increased 69 percent to $470 million, compared with $278
million in the year-ago quarter primarily due to gains in semiconductor. Pro forma net income
increased $37 million from the fourth quarter of 1999 primarily due to increased other income
resulting from investment gains.
Pro forma earnings per share (EPS) of $0.55 rose 62 percent from $0.34 in the first quarter of
1999 and increased by $0.04 sequentially.
TI orders in the first quarter were $2876 million, up 26 percent from $2281 million in the
year-ago quarter and up 5 percent from the fourth quarter primarily due to semiconductor.
Pro forma results for this quarter exclude special charges of $29 million, primarily associated with
previously announced actions, including the closing of a Materials & Controls manufacturing
facility in Versailles, Kentucky, and TI`s acquisition of Toccata Technology ApS. Also excluded
is amortization of goodwill and other acquisition- related intangibles of $25 million.

For the first quarter of 1999, pro forma results exclude special
charges of $25 million, primarily for a consolidation of semiconductor
manufacturing operations in Japan. Also excluded is amortization of
goodwill and other acquisition-related intangibles of $10 million.

For the fourth quarter of 1999, pro forma results exclude acquisition-
related costs of $86 million associated with TI`s pooling of interests
acquisitions of Unitrode Corporation and Power Trends Inc.,
amortization of goodwill and other acquisition-related intangibles of
$26 million, and a tax benefit effect of $67 million, primarily for
research and experimental tax credit items.

According to generally accepted accounting principles, for the first quarter of 2000: gross profit
margin was 48.4 percent, compared with 45.6 percent in the year-ago quarter; profit from
operations was $522 million, compared with $306 million; operating margin was 19.7 percent,
compared with 14.7 percent; net income was $426 million, compared with $255 million; and
diluted earnings per share were $0.50, compared with $0.31.

Outlook

The company expects accelerating sequential revenue growth overall in the second quarter as it enters a
seasonally stronger period in all its business segments, with semiconductor driving most of the growth.

Sequentially, wireless is expected to accelerate, even after better than seasonal growth in the first
quarter. Broadband communications, which includes digital subscriber line (DSL) and cable modem,
also should continue to grow rapidly although from a low base. The mass market should maintain high
growth as new applications for TI`s catalog DSP and analog products continue to expand. Hard disk
drive revenues are expected to decline in the quarter.

Also, Educational and Productivity Solutions (E&PS), product shipments will continue to become more
aligned with back-to-school retail sales as revenue that traditionally came in the second quarter shifts
into the third quarter.

For the year 2000, TI expects robust growth to continue in its semiconductor business, driven by
strength in communications end-equipment markets, including wireless and broadband, as well as
continued strength in the mass market. By the end of the fourth quarter, TI expects to reach pro forma
operating margin of 25 percent.

Additionally, TI is raising its capital expenditure forecast to $2.5 billion for the year, reflecting
management`s outlook for strong continued demand for its DSP and analog products. Depreciation for
the year is expected to be $1.3 billion. R&D for 2000 is expected to be $1.5 billion pro forma,
primarily for DSP and analog.


Howdy,
aggie

[heimwerker]

Hallo zusammen!
hier ein aktueller Beitrag von Boerse-online.de:

DSP-Supertanker in voller Fahrt

von [18.04.00, 17:51]


Analysten und Anleger erwarteten mehr von Texas Instruments (TXN). Das Geschäft anderer Analog-Chip-Anbieter wächst schneller. Der Kurs fällt um 5 Prozent auf 140 Dollar.

Texas erzielte im 1. Quartal einen Gewinn von 426 Millionen Dollar, 67 Prozent mehr als im Vorjahr. Der operative Proforma-Gewinn lag mit 55 Cents je Aktie 2 Cents über den Erwartungen.

Der Umsatz stieg um rund 30 Prozent auf 2,6 Milliarden Dollar, der Auftragseingang um 26 Prozent auf 2,88 Milliarden Dollar. Der Brutto-Gewinn stieg um 3 auf 49,5 Prozent, die operative Proforma-Marge um 5,4 auf 21,7 Prozent. Das Ergebnis war von außerordentlichen Erträgen positiv beeinflusst.,

Während die einen Analysten das Unternehmen mit einem Supertanker in voller Fahrt vergleichen, bemängeln andere, dass Texas Instruments immer noch zu viele Produkte mitschleppe (z.B. Disk Drive Geschäft), die nicht das überdurchschnittliche Wachstum der Digitalen Signalprozessoren (DSP) aufweisen.

Texas Instruments erwartet ein beschleunigtes Wachstum im 2. Quartal und glaubt, dass das robuste Wachstum das ganze Jahr anhalten wird. Finanzchef William Aylesworth erklärte in zukünftigen Internet-funkfähigen Geräten wären mit hoher Wahrscheinlichkeit DSP-gesteuert, die Texas Instruments liefern wird.

Texas Instruments ist mit seinen DSP-Produkten mitten im Herzen des Infrastruktur-Wachstums des Internets positioniert. Eine Kursschwäche sollte zum Zukauf genutzt werden. Das Kursziel ist 250 Dollar.


Bin seit Januar in TXN investiert und werde die Delle ausnutzen un nachzukaufen!

Gruss>>> der heimwerker

[Ein Fuchs]

Es könnte sein, dass wir alle viel länger Spass an TXN haben als wir heute glauben...
------------
Der Halbleitermarkt galt immer als stark zyklisch. Ist sein gegenwärtiger Boom nun der Anfang vom Ende?

Der WSTS (World Semiconductor Trade Statistics) hat sich dieser Frage angenommen. Der Chipmarkt befinde sich gegenwärtig in seinem neunten Zyklus, dessen Beginn 1999 festzustellen sei. Der weltweite Umsatz hätte 1999 auf etwa gleichem Niveau wie 1995 gelegen, dem Ende der Wachstumsphase des achten Zyklus.

Die Marktstruktur sei heute jedoch völlig anders. Der achte Zyklus sei hauptsächlich durch Desktop-PC’s für Home-Anwendungen getrieben worden. DRAM’s für PC’s hätten 1995 36% aller weltweit hergestellten Chips ausgemacht. 1999 seien es lediglich 19% gewesen. In absoluten Zahlen: 1995 kam das Segment Speicher-IC’s auf 40,8 Mrd. US.-Dollar, 1999 wurden 19,5 Mrd. US-Dollar erzielt. Die Mikroprozessoren verbesserten sich im gleichen Zeitraum von 10 auf 18% Marktanteil. Bedingt durch den Boom bei der Telekommunikation konnten ASIC’s, Microcontroller, andere Standard Produkte und Flash-Speicher von 34% auf 43% zulegen.

Die am schnellsten wachsenden Applikationen seien gegenwärtig Kabelmodems (CAGR 150%). Danach folgten xDSL mit 98% für 2000. Navigations- und Verkehrsinformationssysteme wachsen 2000 mit 61%, DVD mit 54%. Set-Top-Boxen und Mobiltelephone sollen um jeweils 40%, SmartCards um 26% zulegen.

Danach steht fest: Der Chipmarkt steht heute auf sehr viel breiteren Füssen.

Mehr und mehr Experten weisen denn auch darauf hin, dass die Elektronik mittlerweile breiten Einzug in alle Bereiche unseres Lebens gehalten hat. Es bestehe keine extreme Abhängigkeit von einem Segment mehr, wie etwa in der Vergangenheit von der Computerindustrie.

Immer mehr Studien reflektieren diese Entwicklung und schieben den Zeitpunkt des Zeniths des gegenwärtigen Zyklus erst einmal nach hinten. War man noch 1999 der Meinung, dass dies im Jahre 2002 der Fall sein werde, geht man jetzt von einem Fortbestand des Aufwärtstrends bis in Jahr 2003, sogar schon bis ins Jahr 2004 aus.

Die Antwort auf die Eingangsfrage lautet also: Die Zyklizität wird zumindest stark abnehmen, wenn nicht gar per Saldo aufgehoben. Einzelne Segmente des Chipmarktes können dabei auch weiter starken Schwankungen unterworfen sein.


09:59 19.04, Klaus Singer
© wallstreet-online GmbH

[aggie]

Texas Instruments Board Declares 2-for-1 Stock Split, Pending
Stockholder Approval of Increase in Authorized Shares at Today`s
Annual Meeting; Stockholder Meeting to Be Broadcast Live Via
Internet; www.ti.com

DALLAS, April 20 /PRNewswire/ -- The Board of Directors of Texas Instruments Incorporated (NYSE: TXN - news) has declared a two-for-one stock
split in the form of a 100 percent stock dividend on the common stock, payable on May 22, 2000, to stockholders of record May 1, 2000. The stock split is
contingent upon approval by stockholders of a 100 percent increase in authorized shares at TI`s Annual Stockholder Meeting to be held today in Dallas.

For every one share of TI common stock held on the record date, the stockholder will receive one additional share. Certificates representing the additional
shares will be mailed on or about May 22, 2000.

The Board of Directors made the decision to split the stock in order to broaden TI`s ownership base and increase the number of shares available for trading.
TI`s last stock split was in August 1999.

The Board of Directors also has declared a quarterly cash dividend of 4.25 cents per share of common stock, payable May 22, 2000, to stockholders of
record May 1, 2000. The cash dividend paid on May 22, 2000, will be paid on a pre-split basis. This dividend will be 2.125 cents per share when adjusted for
the stock split. The Board elected to hold the dividend at its current rate, reflecting a pattern typical of high-growth, high-technology companies where the focus
is on capital appreciation and growth.

Texas Instruments Incorporated is a global semiconductor company and the world`s leading designer and supplier of digital signal processing and analog
technologies, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company`s businesses also include materials and controls,
and educational and productivity solutions. The company has manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. The company`s web site is www.ti.com.

SOURCE: Texas Instruments Incorporated

Howdy,
aggie

[aggie]

Texas Instruments CEO Tells Merrill Lynch Financial Audience That DSP
And Analog Technologies Provide Foundation to Broad Range of End
Equipment

For the Complete Text of the Speech, Visit the TI Web Site at: www.ti.com

NEW YORK, May 3 /PRNewswire/ -- Texas Instruments Incorporated (NYSE: TXN - news) Chairman, President and Chief Executive Officer Tom
Engibous told The Merrill Lynch Hardware Heaven Technology Conference today in New York that the fundamental semiconductor technologies of the
Internet Age -- digital signal processing (DSP) and analog -- set a strong, yet flexible foundation for a broad range of end equipment that provides real value.

Speaking in a keynote address at the conference, Engibous said the Internet Age trends of personalized connectivity, increased bandwidth and convergence are
shaping consumer demands but no one is completely sure what direction those demands will take.

``Equipment makers that remain flexible can adjust their course, significantly increasing their options and opportunities,`` Engibous said. ``TI specializes in
programmable DSPs that can be adapted and optimized to different applications by using software. Quite simply, we are future- proofing our customers`
investment, providing a sure-footed path through slippery times.``

For example, TI has created a high-performance, real-time programmable DSP core that is optimized for the low power requirements of handheld devices.
Using software, TI can take that DSP core and use it as the brains of a wireless phone in one application, an Internet audio processor in a different device and a
digital still camera in yet another device.

``Great technology is one thing but users only care about what it does,`` said Engibous. ``TI`s technology already has done a lot. Wireless and broadband are
two examples, but there`s another huge market for our DSP and analog products in new and emerging equipment including digital audio devices, digital still
cameras and digital speakers, and in more traditional applications such as industrial controls and white goods that use DSPs for embedded control.``

Engibous said TI is the market leader in wireless with more than 60 percent of all digital phones shipped having a TI DSP inside. Each business day, TI ships
about 2 million DSP and analog chips to wireless handset makers.

In broadband, TI is making significant advances in both the digital subscriber line (DSL) and cable modem markets. During the first half of this year, TI expects
to ship about 1 million DSL ports. For central office equipment, TI is the only manufacturer today with a product that supports four modem ports per chipset.

``Later this year, we`ll bring out an octal chipset and next year we`ll have a solution that provisions the equivalent of 32 modem lines using a single chip, an
increase of eight times what we`re doing today,`` Engibous said. ``This plays into the network provider`s value chain by letting them efficiently aggregate
broadband lines per square inch of central office space. In the cable modem market, TI also will significantly ramp our chipset shipments this year. The market
is taking off, and TI is right in stride with the broadband market`s momentum.``

TI`s impressive gains in wireless and broadband are just part of the substantial market for DSP and analog products Engibous said. TI`s entire mass market
segment grew 37 percent last year, the same growth rate TI saw in wireless. In the first quarter, TI`s mass market sales expanded 55 percent, actually
exceeding TI`s wireless growth rate.

``The mass market includes the world of unknown developers working in their garages, creating things most of us never dreamed of,`` Engibous said. ``But
before long, some of these applications will become things we just `can`t` live without. Internet audio is one emerging product.``

A few years ago, Internet audio wasn`t on anybody`s radar screen, Engibous said. Today, TI has 30 design wins with consumer electronics makers such as
Sony and Thomson RCA.

``We believe that DSP and analog will be just as important to the Internet Age as transistors were to the age of mainframes and microprocessors are to the
personal computer. Opportunities such as this are rare and I wouldn`t trade TI`s position with anybody.``

For the complete text of Mr. Engibous`s speech, visit the TI web site at: http://www.ti.com/corp/docs/investor/speeches/mlynch00.shtml…

Safe Harbor Statement: Statements contained in this press release regarding product shipments, product introductions, growth in the DSP and analog market,
and other statements of management`s beliefs, goals and expectations may be considered ``forward-looking statements`` as that term is defined in the Private
Securities Litigation Reform Act of 1995, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or
implied by these statements. Expectations are based on orders received and forecasted by TI. Expectations of product introductions are based on ongoing
product research and development. Expectations of growth in the DSP and analog market are based on anticipated demand for existing and emerging
applications combined with TI`s experience in this market. Please refer to TI`s most recent Form 10-K for more information on the risks and uncertainties that
could materially affect future results of operations. We disclaim any intention or obligation to update any forward- looking statements as a result of
developments occurring after the date of this press release.

Texas Instruments Incorporated is the world leader in digital signal processing and analog technologies, the semiconductor engines of the Internet Age. The
company`s businesses also include materials and controls, and educational and productivity solutions. TI is headquartered in Dallas, Texas, and has
manufacturing or sales operations in more than 25 countries.

Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. The company`s web site is www.ti.com.

SOURCE: Texas Instruments Incorporated

Howdy,
aggie

[Ein Fuchs]

Hallo,

TXN erfüllt jetzt auch die ICA-Regel zur Konsensempfehlung: Die mittlere Bewertung der 32 Analysten liegt jetzt bei 1,4. Im August letzten Jahres lag TXN noch bei 1,8.

Fuchs

[ica]

30.05.2000
Texas Instruments kaufen
Berliner Börsenbrief

Das Researchteam vom Berliner Börsenbrief empfiehlt die Aktie der Texas Instruments Inc. (WKN 852654) zum Kauf.

Der Konzern sei im Halbleitermarkt hervorragend positioniert und generiere rund 75% seiner Umsätze mit Halbleitern, wovon der Löwenteil im Mobilfunkbereich eingenommen werde.

TI sei mit einem Anteil von 45% Weltmarktführer bei DSPs, also Prozessoren, welche analoge Signale, wie Klänge oder Bilder, in digitale umwandeln und sei weiterhin aktiv auf dem Gebiet der revolutionären optischen Halbleiter.

Um eine neue Technologie im Bereich Bildschirmtechnik auf den Markt zu bringen, entwickle das Unternehmen ein System namens DLP. Hier würden auf der Fläche eines Markstücks rund 800.000 mikroskopische kleine Spiegel untergebracht.

Beim Innovationsführer Texas Instruments sollte der Anleger eine Position eingehen, so die Analystenmeinung.

[ica]

31.05.2000
Texas Instruments "Strong Buy"
BB Robertson Stephens

Die Analysten von Robertson Stehpens empfehlen die Wertpapiere von Texas Instruments (WKN 852654) zum Kauf und stufen den Wert mit „Strong Buy“ ein.

In einer Kooperation mit InterTrust (WKN 928920) wolle man ein tragbares Gerät herstellen, mit dem man Audiodaten aus dem Internet abspielen könne.

Dabei solle in die programmierbaren Chips von Texas Instruments eine Technologie von InterTrust integriert werden, die sicherstellt, dass kein Urheberrecht gebrochen werde, so Robertson Stephens

[aggie]

Texas Instruments banks on demand for DSP
chips
By Ian Fried
Staff Writer, CNET News.com
June 1, 2000, 12:00 p.m. PT

Digital signal processors, the chips at the heart of most cell phones, are finding their way
into a host of other applications.

Texas Instruments, the leading maker of digital signal processors, is aggressively marketing the
chip for a range of gear from cable modems to Internet audio players and digital cameras.

"The bottom line is wireless is a big market for DSP, but it`s roughly about 40 percent of the (total)
market," said Mike Hames, the TI vice president who heads the DSP business.

Digital signal processors are chips that refine digital audio and video data so they can be efficiently
sent across computerized networks. An analog converter actually translates real-world sounds and
images into ones and zeroes while the DSP removes noise and creates a more compact file. DSPs
were first used by TI in 1982 in its "Speak and Spell" game and a talking doll named Julie, but sales
really took off with the boom in cellular phones.

Last year, the programmable DSP market generated $4.4 billion in sales, up 25 percent over 1998,
according to Tempe, Ariz.-based Forward Concepts. TI claimed 48 percent of that market, a share
that has grown in recent years. For 2000, the total is expected to grow to $6.1 billion, with 2004
sales projected at $19.2 billion, a figure comparable to current sales of PC processors.

TI`s stock, meanwhile, has gone from the $14 range, split-adjusted, two years ago to above $70
today.

TI is not the only company with its eye on the programmable DSP market. In addition to big names
such as Motorola, Lucent Technologies and Analog Devices, the DSP market has been one of the
hottest areas for new chip start-ups, Strauss said. Other chipmakers sell digital signal processors
with a fixed function, such as leading analog modem chipmaker Conexant Systems.

TI, however, has been singularly aggressive in trying to find and kick-start new markets for the DSP.

Much of the growth forecast for the DSP market will come from continued growth in wireless, with handset sales expected to top
900 million handsets a year by 2003. However, Forward Concepts president Will Strauss said, "There are many other things that
are coming on that will be as big some day."

In particular, Strauss points to the role of DSPs in the packet-switched networks that will replace the circuit-switched telephone
network over the next 20 years.

"About 10 years out, it will begin rivaling the wireless market for DSP," Strauss said.

TI has invested heavily in that area, purchasing cable modem chip firm Libit Signal Processing along with Internet telephony firm
Telogy Networks. Hames said the company sees a big future for DSPs in enabling voice traffic over data networks.

In recent years, TI has grown convinced the digital signal processor is its future, selling its memory chip unit to Micron
Technology and focusing on DSPs and the analog chips that accompany them.

TI has focused on growing its lead in the wireless market while casting a wide net to find new places to market its chips.

"Nobody knows who`s going to be the next Nokia or what`s going to be the next cell phone," Hames said.

TI has used several tactics to find emerging markets for its processors. For years, there has been a mass market for the chips,
with companies using the programmable nature of the chips to adapt them for a wide range of uses.

TI`s sales force looks at the 40,000 or so mass-market customers to find interesting uses and to spot trends. If the market is big
enough, the company launches its own in-house unit to support the application. The company also has its internal new business
group as well as a team that works with third parties to develop new applications for TI chips.

It was the third-party unit that discovered Telogy, a Germantown, Md.,-based firm that had quietly become the leader in using
DSPs to send voice over the Internet.

"We realized they had captured close to 80 percent of the market share in that area," said Trudy Stetzler, a senior member of
TI`s technical staff who works with TI`s new businesses.

Sometimes the ideas come from within TI.

A group of engineers in one of TI`s research labs was working with networked cameras and came up with the idea to use DSPs
to improve the quality of security cameras. Last week, Panasonic announced it was using TI`s chips in conjunction with a hard
drive to create a next-generation surveillance system

And when the daughter of TI senior vice president John Scarisbrick brought home an early MP3 player from college, the
company saw another possible market for DSPs. The company now claims 30 design wins in the area, including Sony`s Music
Clip and RCA`s Lyra.

Not all the uses prove to be that promising. For example Stetzler recalled that a Japanese customer wanted to use DSPs as the
heart of a "love meter" that would store its user`s likes and dislikes and search out potential matches.

TI is also tapping the universities for the next generation of uses for DSPs. The company has a program that funds
DSP-centered research in virtually any area that shows promise.

Some of those applications, like the Xybernaut wearable computer, are moving beyond the laboratory into the commercial
market. Today, much of the research is focusing on the potential of DSPs in medical products, a market that TI sees as a key
for 2010 and beyond.

Stetzler said TI is already involved in digital hearing aids and cochlear implants. As the performance of DSPs increase and
power consumption of the chips continues to decline, Stetzler said she envisions the uses growing to, say, a heart monitor that
could call for help if it detects a heart attack.

Howdy,
aggie

[Ein Fuchs]

Donnerstag 22. Juni 2000, 08:44 Uhr

Texas Instruments kauft Burr-Brown für 7,6 Mrd.$

Der Hersteller von Chips für mobile Einheiten wie Handys, Texas Instruments, gab heute bekannt, Burr-Brown für 7,6 Mrd. Dollar in Aktien zu übernehmen. Burr-Brown baut Geräte, die normale Geräusche in digitale und wieder zurück wandeln können.
TI will durch den Kauf von Burr-Brown seine Vormachtstellung im Bereich der DSPs (Digitale Signal Prozessoren) weiter ausbauen. Im Moment werden die DSPs von TI in 70% aller Handys genutzt.

Die Aktien von TI verloren dennoch 5,6% auf 82 Dollar.

[Ein Fuchs]

Ein paar weitere Details, aber auf ausländisch...
-----------
Thursday June 22, 2:37 pm Eastern Time

Texas Instruments Pays Big Bucks for Chipmaker
By Jeremy Lopez

Although it is paying through the nose, Texas Instruments` (NYSE: TXN - news) acquisition of analog chipmaker Burr-Brown (Nasdaq: BBRC - news) makes good strategic sense. But the deal isn`t monumental for Texas Instruments, given that the firm is so much larger than Burr-Brown.

If nothing else, the $7.6 billion purchase of Burr-Brown makes it harder for Texas Instruments` competitors to get up in the morning. With almost $8 billion in semiconductor sales in 1999, Texas Instruments is undoubtedly a gorilla in the industry. The company is the worldwide leader in digital signal processors, or DSPs, with close to 50% market share of the $4.4 billion market in 1999. DSPs are best known for their use in cellular phones, one of the fastest-growing markets in the technology sector.

The Burr-Brown acquisition will extend Texas Instruments` leadership in analog chips, a market that is complementary to the DSP industry. Analog chips are commonly used in telecommunication equipment, but they are also used in a broad array of other applications, such as DVD players, digital cameras, and cable set-top boxes. Texas Instruments has the leading share in this market but isn`t nearly as dominant as it is in DSPs. In 1999, Texas Instruments led the analog industry with 11% market share, according to Dataquest, but STMicroelectronics (NYSE: STM - news) and Philips Electronics (NYSE: PHG - news) weren`t too far behind, with 9% and 7% shares, respectively.

Burr-Brown is small relative to other analog chipmakers, but its product line complements Texas Instruments` nicely and boosts its overall analog-market share. More important, Burr-Brown is strong in a few niches in which Texas Instruments is somewhat weak. Two of the strongest areas for Burr-Brown are the markets for power-amplifier and data-converter components. With this acquisition, Texas Instruments increases its market share from fifth to third in data converters and from fourth to third in power amplifiers. It`s no mystery that Texas Instruments is going after Analog Devices (NYSE: ADI - news) and National Semiconductor (NYSE: NSM - news) in these markets.

But does it make sense for Texas Instruments to pay a 50% premium to Burr-Brown`s Wednesday closing price? Texas Instruments paid about 80 times forward earnings for the firm, a slight premium to the price/earnings ratios of larger pure-analog companies such as Linear Technology (Nasdaq: LLTC - news) and Maxim Integrated Products (Nasdaq: MXIM - news).

Buying a company outright often requires paying a control premium: A majority stake is more valuable than the market price that most investors pay for a much smaller number of shares. Nevertheless, Texas Instruments seems to have paid a hefty sum for Burr-Brown`s future cash flows.

But Texas Instruments thinks it can get much more out of Burr-Brown than Burr-Brown could on its own. For one thing, Burr-Brown is probably more valuable under the wing of Texas Instruments` larger-scale, cutting-edge manufacturing technology. An even bigger reason for the aquisition is that Texas Instruments will be better able to cross-sell DSP components to analog customers and vice versa. For Texas Instruments, this is a key part of its strategy, as the rate at which the company has been able to attach a DSP with an analog sale has increased rapidly over the last few years. This is a luxury not many of its competitors have.

Overall, the value Texas Instruments can add to Burr-Brown`s assets seems like a reasonable justification for the firm paying up as it did. But even though the deal is a good strategic move, it isn`t going to have a huge impact on Texas Instruments. Burr-Brown`s sales in 1999 were a little less than $300 million--only about 3% of Texas Instruments` 1999 revenues of $9.5 billion.

Jeremy Lopez can be reached at [e-mail].

[Demos]

Hat sich bei diesem Tag tapfer gehalten, die Aktie. Das läßt für bessere Tag sehr hoffen.
Demos

[Tasillo]

...sind am Freitag etwas zurück gekommen. Schön! ; denn ich will da auch noch rein!!

Mer. Lynch hat TXN zu den aussichtreichsten "Langfrist-investments" gekürt!!
Mein persönlicher Tip zu TXN ist SAMSUNG. Ich denke,man sollte beide haben.

[J.D.Rockefeller]

Hallo Tasillo,
keine schlechte Idee, das mit Samsung.
Denoch sehe ich auch Conexant Syst. als gute Alternative zu TXN.
Wobei ich sagen muss, dass ich seit gut einem Jahr TXN in mein Depot habe und sehr gut damit fahre.

Ciao
Rockefeller

[Tasillo]

Hi J. D. Rockefeller

auch CNXT besitze ich , weil ich davon überzeugt bin,
..." man sollte immer etwasChips im Depot haben ".
Wenn MU noch weiter zurückkommt bin ich auch noch bei dehnen im Boot.Ist ein toller Wert,den ich vieeeeel zu früh verkaufte.
CNXT hat ca 80% Weltmarktanteil an den Verstärkerchips in den Handys,.Nur zu welchen Konditionen kann ich Dir nicht sagen.
Ich denke,die werden sich nicht so schnell die technol.Führung streitig machen lassen.

Gruss an alle Aktionäre;
... und alles wird gut Freunde, amen!

[Tasillo]

...ja noch etwas runter und wir treffen uns.

[heimwerker]

Texas ist im Moment ja im Kaufrausch oder was ??

(gefunden bei den WO-News):

Texas Instruments übernimmt Alantro Communications
Texas Instruments Inc. (NYSE: TXN) hat heute bekannt gegeben, die nicht-börsennotierte Alantro Communications zu übernehmen. Das Unternehmen hat sich auf drahtlose lokale Netzwerktechnologie gemäß IEEE 802.11 Standard spezialisiert.
George Barber, VP von TI, sagte, die DSL- und Kabel-Modems von TI brächten Millionen Bits Bandbreite ins Haus. Die Technologie von Alantro verteile die Flut an Informationen innerhalb des Hauses, bzw. Büros.
Nach Marktbeobachter In-Stat würden bis 2003 20 Mio. Haushalte vernetzt sein. TI glaubt, dass die drahtlose Technik hierbei bevorzugt werde. Sie erlaube überall und jederzeit Zugriff auf alle Daten im Netz, sei einfach und schnell. Mit der Signalverarbeitungstechnologie von Alantro könne die Netzwerkperformance gegenüber herkömmlichen Chipsätzen verdoppelt werden.
Diese Übernahme ist die zweite von TI innerhalb der letzten beiden Jahre, was das Thema drahtloses Netzwerk betrifft. Im letzten Jahr wurde Butterfly VLSI Ltd. akquiriert. Dieses Unternehmen hatte sich auf Netzwerke über kurze Entfernungen spezialisiert. Alantro beschäftigt etwa 50 Mitarbeiter.
Die Übernahme soll in Form eine Aktientausches erfolgen und alles in allem 300 Mio. US-Dollar Wert ausmachen. Der Deal soll Ende des dritten Quartals abgeschlossen sein. Die Gewinnschätzungen je Aktie sollen nicht nennenswert beeinflusst werden.
Die TXN-Aktie setzt ihre Abwärtsbewegung fort und notiert heute 4,75 Prozent schwächer bei 77-3/4 US-Dollar


Texas Instruments weiter auf Einkaufstour
Einen Tag nach dem Übernahmedeal mit Burr-Brown will der Chipriese Texas Instruments(Nasdaq: TXN) ein weiteres Halbleiterunternehmen akquirieren.Im Visier ist diesmal der in Privatbesitz befindliche Chipspezialist Alantro Communications, der für umgerechnet 300 Mio. US-Dollar durch einen Aktientausch übernommen werden soll.
Alantro Communications hat sich auf die Entwicklung von Chipserien für WLAN (wireless local area network)-Anwendungen spezialisiert. Die Technik von Alantro ermöglicht derzeit drahtlose Übertragungsraten von 11 Mb/s; an einer Verdopplung der Performance auf 22 Mb/s wird derzeit gearbeitet.
Der Zukauf soll Ende des 3.Quartals abgeschlossen sein. Auswirkung auf den Gewinn pro Aktie durch Transaktionskosten und Abschreibungen erwartet Texas Instruments nicht.Derzeit scheinen die Anleger die jüngste Shopping-Tour des DSP-Spezialisten etwas skeptisch zu betrachten und die Aktien verlieren 3-3/4 US-Dollar auf 77-7/8 US-Dollar.


Texas Instruments: Übernahme von Dot Wireless
Der Marktführer für programmierbare digitale Signalprozessoren (DSP), Texas Instruments (Nasdaq: TXN), will das auf drahtlose Datenkommunikation spezialisierte Chipunternehmen Dot Wireless übernehmen. Das privat gehaltene Unternehmen mit 75 Mitarbeitern soll durch einen Aktientausch im Wert von etwa 475 Mio. US-Dollar in Texas Instruments Technologiezentrum in San Diego eingeliedert werden.
Der Zukauf soll die Position im Markt für Chipelemente für die nächste Generation von Handys (3G-Standard, CDMA,W-CDMA)weiter ausbauen. Bereits jetzt haben fast 60 Prozent aller Mobilfunkgeräte weltweit einen DSP-Chip von Texas Instruments integriert.
Das Marktforschungsinstitut Dataquest schätzt, dass im Jahr 2002 bereits über 1 Mrd. Menschen über das Handy kommunizieren. Die Einführung des neuen 3G- Mobilfunkstandards wird zu Beginn des nächsten Jahres erwartet.
Die Anteilsscheine von Texas Instruments notierten gestern zu Handelsschluss bei 72 US-Dollar.




Der Kurs ist ja etwas belastet worden durch die Akquisitionen, aber ich seh das für die Zukunft positiv.

Gruss >> der heimwerker

[Ein Fuchs]

Hallo,

was TI da macht, erinnert mich an die Strategie von CISCO. Die kaufen auch ständig kleine bis winzige Firmen, nicht um Umsatz oder Gewinn zu kaufen. Nein es geht nur um neue Technologien. Ich glaube, langfristig gesehen ist das sehr intelligent.

Wieso TXN, wie alle Werte, die irgendetwas mit Mobil-Telefonie zu tun haben, so geprügelt werden, ist mir nicht klar. Die teuren UMTS-Lizenzen in Europa werden am Trend ja nichts grundlegendes ändern.

Funchs

[Demos]

Das seh ich auch so, Fuchs. Wir werden uns aber noch ein bisschen gedulden müssen. Zur Zeit ist alles zu uneinheitlich. Klare Trends gibt es nicht. Mal hüpft der eine Wert, mal der andere. Mal geht der andere runter - und so weiter. Aber TXN ist gesund, unterbewertet, hat durch die Kleinaquisitionen noch an Substanz gewonnen. Wir werden den Aufschwung bald sehen.

Demos

[AndyBusch]

Hallo
Ist eigentlich ein Artikel über INTC oder sollte ich besser sagen eine Laudatio ?.
Aber ein paar Stellen sollten auch den TXN-Aktionär aufhorchen lassen.
Die Krake INTC streckt seine Tentakel jetzt verstärkt Richtung Handy-Markt aus.
http://www.smartmoney.com/smt/markets/news/index.cfm?story=2…
...
But while Intel has the stated goal of making the silicon for everything from routers to personal digital assistants, it is in cell phones, some analysts say, Intel is making its most determined effort. Indeed, if one highly regarded Intel analyst is correct, most mobile phones of the future will have nothing but Intel inside.
...
Kumar believes that making chips for cell phones provides Intel with its first opportunity to make a meaningful impact beyond PCs. The company is said to have already landed a half dozen 3G cell-phone design wins — including with NEC (NIPNY) and Samsung — and recently forged a number of 3G alliances. In May, the company said it would team up with Mitsubishi to develop a new chipset and software for the company`s 3G phones. And back in February the chip maker announced that Ericsson (ERICY) made a three-year commitment to purchase its flash-memory chips for next-generation cell phones.
...
But while the numbers are enticing, there`s already some stiff chip competition in the cell-phone marketplace. Take Texas Instruments (TXN). The chip maker is already recognized as the leading manufacturer of digital-signal processors, a key bit of cell-phone technology. And then there`s the British intellectual property outfit ARM Holdings (ARMHY), which designs the main central processor currently used in cell phones. .

Da wird zu einem Aufeinanderklatschen kommen. Auch Infineon wird sich "freuen" Infineon ist übrigens auch Mobo-hersteller. Revierkämpfe mit anderen Ex-SAC-board Lieblingen sind auch schon vorgezeichnet.
Wer weiß welche Finanzkraft hinter INTC steht und welche oft kritikwürdigen unethische? Methoden angewendet werden (frag z.B. bei den Mobo-Herstellern nach), der sollte die Gefahr nicht geringschätzen.

Grüße Andy

[heimwerker]

Hallo TXN - Freunde,

Analyst Recommendations and Revisions
As of 07/19/2000 As of 4 Weeks Ago /As of 8 Weeks Ago /As of 12 Weeks Ago
(1) Strong Buy 13 12 16 17
(2) Buy 10 8 6 7
(3) Hold 2 2 2 3
(4) Underperform 0 0 0 0
(5) Sell 0 0 0 0
No Opinion 1 1 3 1
Mean Rating 1.56 1.55 1.42 1.48

13 mal strong buy, 10 mal buy, 2 mal hold und 1 mal no opinion
Quelle www. marketguide.com

Am Montag kommen die Zahlen, erwartet werden 30 cents, die Flüsterschätzungen gehen von 32 cents aus.

Mal schaun ob die Zahlen TXN mal wieder drive geben können.

We`ll see >>> der heimwerker

[Demos]

!

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[Demos]

Diese Seite hier ist auch sehr interessant, leider auch auf ausländisch:

http://www.mastrapasqua.com/research/foc01702000.htm

[Demos]

Wieder eine Seite die sich lohnt.
http://www.cnbc.com/stocks/fullstory.asp?Symbol=txn&id=23051…

Heute, montag, 24.07. wird TXN seine Zahlen fürs Halbjahr veröffentlichen. ich sehe, dass ich an die Page und an die Zeit komme.

[Demos]

Der Conference call ist um 23.30h, teilnehmen kann man

unter:
http://www.ti.com/corp/docs/investor/confcall/

Die Halbjahreszahlen werden hier für die Analysten und Investoren öffentlich gemacht.

Gruß
demos