Merrill Lynch analyst Tom Kurlak said on Tuesday he reduced his earnings estimates on shares of various semiconductor companies including LSI Logic Corp and Texas Instruments Inc). -- Kurlak cut 1998 estimate on Texas Instruments to a range of $2.00 to $2.50 per share from $3.00 per share, but left his 1997 estimate unchanged at $2.04 per share. How powerful is Kurla? TXN went down over $5 today (almost $11 pre split) with 7.7 mil traded, which is high for TXN
I understand from the INTC threads Kurlak is purely a momentum player. but judging from TXN's reaction, so are alot of those into TXN holders.