Monday, April 23, 2007

TXN Stirs Things Up in After-Hours

I'm not much of a fundamental analysis type (probably to a fault; I'm not bragging), but TXN's announcement in regards to semiconductors has pumped the stock up 3 points in after hours:

"We believe the inventory correction that began in the second half of last year largely ended in the first quarter," said Rich Templeton, TI president and CEO. "Orders are beginning to rebound, and we expect sequential growth to resume in the second quarter."

Futhermore, the semi stock I bought today, ONNN, is also up after-hours.

I'm anxious to see how this plays out in the Nasdaq tomorrow.

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