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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Katherine Derbyshire who wrote (30935)	6/10/1999 10:19:00 AM
From: Duker	Read Replies (1) \| Respond to of 70976

TI hikes forecast for digital cellular phones to 245 million in 1999 [It is that Telecommunications Theme again. --Duker] semibiznews.com A service of Semiconductor Business News, CMP Media Inc. Story posted 8:45 a.m. EST/5:45 a.m., PST, 6/10/99 NEW YORK -- Texas Instruments Inc. has increased its estimates for worldwide shipments of digital cellular phones to 245 million units this year, which is 6% higher than its original market forecast of 230 million handsets. TI chairman and CEO Tom Engibous told a financial conference here that the Dallas-based chip maker bumped up its 1999 forecast after recently polling cellular phone manufacturers. Armed with digital signal processors and analog ICs, TI is now pushing hard to capture as many of the cellular phone design as it can because "since 1997, more digital phones have been sold than PC," Engibous told the conference, sponsored by Sanford C. Bernstein & Co. Earlier this year, TI executives told financial analysts that the company was aiming to sell more than 160 million DSPs to wireless handset manufacturers this year after shipping 100 million to cellular phone makers (see March 5 story). Other chip suppliers have also noticed a jump in optimism among cellular phone manufacturers, which are apparently nudging up their own forecasts because of growing demand in Asia after last year's economic meltdown, continued strength in Europe and brisk sales in North America. Earlier, ST Microelectronics chief economist Jean-Philippe Dauvin told SBN that he was increasing his outlook for 1999 semiconductor revenues to a growth of 15% from his original forecast of about 7% primarily because there has been no slowdown in digital cellular phone growth (see story in the May publication of SBN).