Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

Computer Chip Market Gets Tight, Chipmaker Says

Texas Instruments Inc. is sold out of computer memory chips through September and it does not expect the tight market to loosen until sometime in 1996, a top official said Thursday.

Kevin McGarity, senior vice president for semiconductors, said the huge demand for memory chips has been fueled by personal computer sales coupled with the doubling of the amount of memory inside each PC.

Many computer makers are stacking up on memory chips because the upcoming Windows 95 operating software, as well as many applications, need a greater amount of memory.

Vladi Catto, chief economist of Texas Instruments, also said the worldwide semiconductor market may more than double in size in the next five years to more than $300 billion, if present trends continue. Reuters

***** Massachusetts Firm Buys Bird Medical Technologies

Thermo Electron Corp. of Waltham, Mass., said Thursday it had signed a definitive agreement to buy Bird Medical Technologies Inc. for $9.25 a share in a cash transaction valued at about $59.2 million.

The agreement on the all-cash deal appears to have ended a bid by Allied Healthcare Products Inc. of St. Louis to buy the company in a cash-and-stock offer.

Bird Medical, based in Palm Springs, Calif., is a maker of respiratory care and infection-control products. Bloomberg

***** Enterprise Won't Raise Its Car-Rental Rates

Enterprise Rent-A-Car, a national car-rental company based in Clayton, said Thursday it has no plans to raise its car rental rates, as some other car rental companies have recently done.

"Our fleet costs have risen, too, but because of the low overhead associated with our convenient neighborhood locations, we don't need to increase prices like the companies serving the airport," said Enterprise President Andy Taylor. …

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