Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Feb 5 3:59 PM EST

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To: Proud_Infidel who wrote (7121)	9/9/2003 5:06:08 PM
From: Proud_Infidel	Read Replies (1) of 25522

Texas Instruments narrows 3rd-qtr rev range to upside Tuesday September 9, 4:50 pm ET SAN FRANCISCO, Sept 9 (Reuters) - Texas Instruments Inc. (NYSE:TXN - News), the world's No. 1 maker of chips for mobile phones, on Tuesday narrowed the range of its revenue outlook for the third quarter to the upper half of its prior range, citing stronger demand for its semiconductor products. Texas Instruments said during a first-ever mid-quarter update it now expects third-quarter revenue between $2.39 billion and $2.49 billion. The company said it expects earnings between 20 cents and 22 cents per share, including a 13-cent gain from the sale of 24.7 million shares of Micron Technology Inc. (NYSE:MU - News). Texas Instruments, the Dallas-based rival of Intel Corp. (NasdaqNM:INTC - News) and Motorola Inc. (NYSE:MOT - News), in July forecast third-quarter sales in a range of $2.29 billion to $2.49 billion, and earnings in a range of 19 cents to 23 cents per share, including the gain from selling the Micron shares.

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