In the fourth quarter of 2000, TI posted revenue of $3.03 billion, an improvement over the prior year period but a decline from the third quarter. The trend continued in the first quarter, and TI said it expects another 20 percent sequential decline in the second quarter on weakness in semiconductors across the company's product line.
In an interview with CBS.MarketWatch.com, Aylesworth characterized the current semiconductor environment as unprecedented.
"This one really is unique in my experience," he said. "It's literally the fastest and sharpest deceleration we've ever had. This is a drop in real demand."
Previously, the semiconductor industry has seen prices drop precipitously because of too much supply in the market, Aylesworth said. He noted that what TI is experiencing is very similar to what its peers are experiencing.
TI beats estimates, plans layoffs
By Lisa Sanders, CBS.MarketWatch.com
Last Update: 7:25 PM ET Apr 17, 2001 |
