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Strategies & Market Trends : Guidance and Visibility

AAPL 266.34

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To: 2MAR$ who wrote (71)	6/14/2001 7:04:48 AM
From: 2MAR$	Read Replies (1) of 208838

TXN ( $ 34 )reiterates Q2 outlook negative 20% revs NEW YORK, June 13 (Reuters) - The chief operating officer of semiconductor maker Texas Instruments Inc. (NYSE:TXN - news) on Wednesday reiterated the company's financial outlook for the second quarter, saying revenues would fall 20 percent from the first quarter amid industry weakness. ``Things have not improved during the quarter,'' Rich Templeton, the Dallas, Texas-based company's executive vice president and chief operating officer, said at a Bear Stearns technology conference in New York. Templeton also said the company expects operating margins at break-even in the second quarter, and that research and development spending will likely be about flat in 2001 compared to last year. The reiteration comes a day after telecommunication equipment maker Nokia (NYSE:NOK - news) shocked investors by slashing its profit and sales outlook for the second quarter

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