Tuesday, April 24, 2007

Texas Instruments: We will beat forecasts for second quarter

Texas Instruments profit, outlook beat forecasts (Reuters)

A Texas Instruments pico-projector prototype is seen in an undated publicity photo. Texas Instruments Inc., the world's biggest maker of chips for mobile phones, posted lower quarterly profit and revenue on Monday as the company worked through inventory issues. (PRNewsFoto/Reuters)Reuters - Chipmaker Texas Instruments Inc. posted a smaller-than-expected fall in quarterly profit and said a broad recovery would help it beat second-quarter targets, sending its shares up 9 percent on Monday.


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