Technology
Texas Instruments Mid-Quarter Equal for Bulls & Bears (TXN)
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Texas Instruments Inc. (NYSE: TXN) has issued its mid-quarter updateafter the close on Monday. The company put the new revenue guidancerange at between $3.33 to $3.46 billion, compared with its prior rangeof $3.24 to $3.50 Billion. The new earnings per share range is now$0.43 to $0.47 EPS, which is with its prior range of $0.42 to $0.48.First Call has estimates at $0.46 EPS and $3.37 Billion in revenues.
Its Semiconductor-segment revenues will now come in between $3.17 to$3.28 Billion, compared to its prior range of $3.08 to $3.32 Billion.As far as Education Technology revenues, it sees $160 to $180 million,which is unchanged from prior targets.
Shares of the chip giant closed up almost 0.3% at $31.33 in regulartrading today. Shares have fluctuated between slightly lower andslightly positive in after-hours trading. This one has enough room forthe bulls and bears alike.
Jon C. Ogg
June 9, 2008
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