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Texas Instruments Inc. Message Board

  • DLHuth DLHuth Dec 3, 1997 1:59 PM Flag

    Why so much trading volume?

    I noticed that TXN has been trading at 7Million shares a day lately. Why so much volume?

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    • Just take a look at a recent chart...I think you probably
      could answer your own question. I'm not trying to be smart
      with my answer, I just think the chart will explain it better
      than words can.

      • 2 Replies to _Sparks
      • Also, you've got the Merrill downgrade of 1998 earnings estimates, Kurlak is very influential on the semiconductor stocks and today you've got - Rodman & Renshaw Inc cutting
        its rating on Texas Instruments Inc to neutral from buy, and
        reduced its earnings estimates to $2.00 a share from $2.08 for
        1997 and to $2.40 from $3.00 for 1998.
        -- "Because 3Com/US Robotics is Texas Instruments's largest
        DSP (digital signal processor) customer, we are concerned about
        the recent slowdown in that company's modem sales," Rodman said
        in a report.
        -- 3Com Corp , a computer networking company, said
        Tuesday it will cut inventory and report second-quarter
        earnings below Wall Street expectations.
        -- "Modem sales may be slowing because of a lack of
        industry standards and competition from new technologies
        (possibly much faster cable modems)," Rodman said.
        "Regardless, this slowdown will most likely result in a
        slowing of orders and shipments for DSP products, which account
        for approximately 20 percent of (Texas Instruments's) sales in
        the fourth quarter. "
        -- Texas Instruments shares were off 1-13/16 at 45-7/16.
        ((--Patricia Commins, Chicago Equities Desk (312)

        Fun fun fun -- but the way TI is growing the DSP market I think 3Com may have less influence on next year's earnings. But hey I'm no guru, just because the company is upbeat, should we believe them. Cheers

      • Thank's for the direction.

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