Texas Instruments - Good buy now or should we wait?

To: Smart Investor who wrote (696)	4/9/1997 7:55:00 PM
From: Brandon Scott	of 6166

Smart, you distort my meaning in the internet stock comparison. I'm referring to the year-over-year growth which has occurred at the few dominant players in that market, and the inevitable future growth of those who are successful. Imagine that you'd bought some Cisco six or seven years ago and were now looking at 100X gain or whatever. Geez, you'd be really upset that it's lost some value in the last month or two- better to have bought risk free T bills instead and (maybe) matched inflation for the last several years. Of course you wouldn't have bought Cisco back then, 'cause it was all hype. You'd scoff at the visionaries who looked forward and tried to predict what the environment would be five or ten years later. What a bunch of dummies. Just about everyone on this thread has explained the futility of judging TXN on a trailing-earnings basis right now. There is an organization of people like yourself who refuse to believe anything beyond the immediately tangible; you may wish to join them at flat-earth.org. I don't mean to be hostile, but I'm amazed at your inability to see the future when it's staring right in your face. Brandon

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