Mad About Options: Texas Instruments Flashback: The Mad About Options crew takes a look back at Jim Cramer's comments about Texas Instruments.

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8/18/2008

Outperform - Price 11.26 on July 23
by Baird Securities

STMicroelectronics reported 2Q08 revenues of $2.39 billion, up 9.7% sequentially, at the higher end of the guidance range of up 5% to 11%. 2Q08 pro forma EPS was 18 cents, well above our estimate of 14 cents....STM estimates [that] currency negatively impacted gross margin. ...STMicroelectronics delivered what will likely be some of the strongest sequential revenue growth for 2Q in semiconductor land, driven by market-share gains, including in wireless. STM has made tremendous restructuring progress. Resulting savings...position STM well once currency comparisons ease. STM remains one of our top large-cap picks in semiconductors. At 11 times our 2009 EPS estimate, valuation is compelling, in our view. Target: 15. Market cap: $10.14 billion.

SPECULATION PLAY ON NEW CHIP IN CELL PHONE INDUSTRY ALREADY IN MOTOROLA, APPLE, NOKIA PHONES LONG TERM PLAY GOOD BALANCE SHEET

helps the iPhone sense when its orientation has changed, which causes the orientation of pictures and video being displayed on the screen to change accordingly

1.1% yield

Cramer?

Upgraded by UBS from Reduce to Buy

Upgraded by Lehman Brothers from Underweight to Overweight

Strong presence in flash memory and RF chips.