Texas Instruments is in a great position right now,according to Patrick Wang of Wedbush Morgan Securities.It has bought manufacturing capacity at a bargain level.It's interested in continuing a small acquisition strategy with its 2.3 billion in cash.
Mr.Wang doesn't see TXN levering up its balance sheet.They've added 4.5 billion in extra capacity in the last year.They bought it at pennies on the dollar.It's a buffer for the electronics firm against a double dip recession or slowing market trends,in Mr.Wang's opinion.
Texas Instruments(TXN)
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