Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 23 July 2013 09:50

Texas Instruments happy bunnies

Written by Nick Farrell

Third quarter strong

Texas Instruments is jolly happy after giving a third-quarter revenue forecast that was stronger than the cocaine nose jobs of Wall Street expected. In a statement it said that customers were confident about placing orders for chips.

 

Orders picked up in the first half of 2013 and Chief Financial Officer Kevin March said that business continues to improve, following weak demand last year due to concerns about the global economy. According to March orders had been for short-term deliveries, so that's a bit of a change in tone and perhaps confidence on the part of TI customers. Texas Instruments is winding down its wireless chip business as competition from Qualcomm and other rivals has hurt profitability.

TI is focusing on analog and embedded chips used in products ranging from cars to televisions and which account for the bulk of the company's revenue. Analog and embedded account for 78 percent of TI's revenue, up 6 percentage points from a year ago, the company said.

Texas Instruments said its second-quarter results included a gain from the sale of some wireless connectivity technology as well as higher-than-expected charges from the company's restructuring. TI posted second-quarter revenue of $3.047 billion, down 9 percent from the year-ago period. Net income jumped to $660 million, or 58 cents a share, from $446 million in the 2012 second quarter. In the third quarter, revenue will range from $3.09 billion to $3.35 billion, the company predicted.

Last modified on Tuesday, 23 July 2013 10:21
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments