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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (6831)4/17/2000 9:18:00 PM
From: MikeM54321   of 12823
 
Thread- Just a couple of notes from Texas Instruments' earnings CC about broadband access. It's another positive sign that access spending is for real and shows rapid growth. -MikeM(From Florida)
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April 17, 2000- ....In addition, net revenue grew to $2.65 billion from $2.08 billion during the 1999 quarter.

"The first quarter was a good start for TI," Bill Aylesworth, chief financial officer, said in a conference call. "The top 5 reasons for that are we broke historical trends, our gross margin was up, broadband communication revenue more than doubled from the fourth quarter to the first quarter, we saw excellent growth in the products we sell to the mass market, and in February, we introduced the highest-performance and lowest-power DSPs."

TI increased production of its digital signal processors for broadband applications during the quarter. Also in the first quarter, TI announced two new cores to enhance the DSPs. DSP revenue rose 50 percent from the year-ago period and 2 percent from the fourth quarter, breaking the seasonal trend of declining revenue from the last quarter of 1999 to the first quarter of 2000.

Aylesworth also said the company remains on track to ship a million application digital subscriber line modem ports through the first half of 2000.

TI said it is raising its capital-expenditure forecast to $2.5 billion, reflecting the belief that strong demand will continue for its digital signal processors and analog products. Within the semiconductor division, TI expects hard-disk drive revenue to decline sequentially but the loss should be offset by growth in revenue from wireless and broadband.
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