At a recent $23 a share, Texas Instruments is selling for the same price it brought in 2003. At the end of 2008 its net profit had more than doubled from the 2003 amount. Profit will likely be down in 2009 but this strong company will most likely do very well in an economic recovery.

This company has no long term debt. It currently yields a dividend of about 2% and the dividend rate is projected to grow at 13.5% per year. TXN makes products that are integral to almost all electronic equipment.

Management has recently provided upward earnings guidance and this coupled with the low share price (down 35% from the 2007 high) makes this an attractive investment opportunity for investors who want exposure to "low tech stocks." As the absence of debt indicates, the company's financial strength is excellent.

Preston F. Sanders is a Chartered Financial Consultant and Registered Investment Advisor. He lives in Washington, Georgia, and can be reached at prestonsanders@bellsouth.net.

NOTE: Any investment can lose value. Don't buy any stock without a careful evaluation of it's appropriateness for your situation. See your financial/investment advisor.