It appears that not everything is as bad in mobile and communications chipsets as everyone had thought.  At least that is what the guidance from Texas Instruments Inc. (NYSE: TXN) is showing.  The company now sees its revenue for the quarter of $3.33 to $3.47 billion, a slightly tighter range than the $3.26 to $3.54 billion in revenues it had previously forecast.  First Call shows analysts expect revenue of $3.4 billion for the quarter.  As far as net income, Texas Instruments sees earnings of $0.42 to $0.46.  That compares with a prior range of $0.41 to $0.47 and First Call estimates of $0.44.

Jon C. Ogg
September 9, 2008