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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
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