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Technology Stocks : Semi Equipment Analysis
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To: Return to Sender who wrote (13806)3/8/2004 5:23:57 PM
From: The Ox  Read Replies (2) of 95420
 
TI Updates First-Quarter 2004 Business Outlook
PR Newswire - March 08, 2004 16:30
- Revenue Expected between $2835 Million and $2950 Million - EPS Expected between $0.19 and $0.22 Conference Call on TI Web Site at 4 p.m. Central Time Today www.ti.com

DALLAS, Mar 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- In a scheduled update to its business outlook for the first quarter of 2004, Texas Instruments Incorporated (NYSE: TXN) today narrowed its expected revenue and earnings ranges. TI's updated estimate reflects continuing strong demand across a broad range of its Semiconductor products.

The company's expectations for revenue are:
-- Total revenue between $2835 million and $2950 million, compared with
the prior range of $2720 million to $2950 million;
-- Semiconductor revenue between $2500 million and $2600 million,
compared with the prior range of $2400 million to $2600 million;
-- Sensors & Controls revenue between $265 million and $275 million,
compared with the prior range of $255 million to $275 million; and
-- Educational & Productivity Solutions revenue between $75 million and
$80 million, compared with the prior range of $70 million to
$80 million.

TI expects earnings per share (EPS) between $0.19 and $0.22, compared with the previous range of $0.16 to $0.22.
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