Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

CIBC World Keeps 'Buy' on Texas Instruments


CIBC World reiterates buy on Texas Instruments (TXN) after the company was named the main supplier of digital subscriber line chipsets to a unit of Siemens.

Analyst Quinn Bolton thinks the contract with Siemen's Efficient Networks unit is worth about $55 million to $65 million yearly. While this is less than 1% of Texas Instruments's revenues, Bolton says it should provide upside to his $121 million estimate in total broadband revenues in 2002, and will help TI to achieve his $330 million revenue estimate for 2003.

More importantly, he says the win validates the company's digitial subscriber line technology as a premier solution, and gives another example of TI's ability to penetrate the competitive broadband markets with its digital service provider and analog chipset solutions. Bolton sees $0.30 2002 earnings per share and $0.75 for 2003; he is keeping his $52 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus