Texas Instruments (TXN): A 'bad news' buy

"Wall Street has recently been very negative about Texas Instruments (NYSE: TXN)," notes wireless sector expert Nikhil Hutheesing.

In his Forbes Wireless Stock Watch the advisor explains, "But things may not be as dire as they sound and I think that with expectations down, the company will end up exceeding expectations in the second half of this year."

"One reason Wall Street has been negiative is that TXN's biggest wireless customer, Nokia, announced a fundamental shift, stating it would no longer depend mostly on Texas Instruments for its chips. Ericsson also said it had shifted to a multi-supplier strategy.

"Besides that, in April, at TXN's earnings conference, CEO Rich Templeton talked of a cloudy economy and said that his company had become become more conservative with its outlook for the second quarter.

"Meanwhile, I've spoken with a number of experts in the wi