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)
Showing posts with label electronics manufacturing. Show all posts
Showing posts with label electronics manufacturing. Show all posts
Sunday, September 5, 2010
Foxconn Cuts Growth Target
Taiwan's Foxconn Technology Group,the world's largest contract electronics maker,has slashed its long term growth target in half,from 30% to 15%,which may ease the pressure on its huge workforce of one million.The company was racked by a rash of employee suicides earlier this year,as well as the recent falloff in pc sales.It does work for Hewlett Packard,Dell and Apple,as well as Cisco and Nokia,making everything from handsets to servers.
Despite having a bigger market capitalization than Sony,Foxconn has been the worst performer on Hong Kong's Hang Seng index this year,with a profit decline of 44.46%.There are no buy ratings on the stock of the troubled firm.Terry Gou,59,is the forthright Taiwanese founder of the company,and says he has no intention of retiring anytime soon.
Despite having a bigger market capitalization than Sony,Foxconn has been the worst performer on Hong Kong's Hang Seng index this year,with a profit decline of 44.46%.There are no buy ratings on the stock of the troubled firm.Terry Gou,59,is the forthright Taiwanese founder of the company,and says he has no intention of retiring anytime soon.
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