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To: patron_anejo_por_favor who wrote (114028)	7/23/2001 4:39:07 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 436258

p - biz.yahoo.com Monday July 23, 4:30 pm Eastern Time Press Release SOURCE: Texas Instruments Incorporated TI Reports 2Q01 Financial Results - Pro Forma EPS of $0.03 - Revenue Down 31% from Year-Ago Quarter and 19% Sequentially - Orders Down 49% from Year-Ago Quarter and 10% Sequentially - Revenue Expected to Decline 10-15% Sequentially in 3Q01 DALLAS, July 23 /PRNewswire/ -- Texas Instruments Incorporated (NYSE: TXN - news) today reported that second-quarter financial results were affected by continued weakness in electronic end-equipment markets and excess customer inventories, which reduced demand for its Semiconductor products. TI's second-quarter revenue was $2037 million, down 19 percent from first quarter and consistent with the company's outlook issued in April for a decline of about 20 percent. Pro forma earnings per share (EPS) were $0.03. Orders declined 10 percent sequentially to $1704 million. ``Make no mistake, this is a severe downturn, but we now see some signs of stabilization,'' said Tom Engibous, chairman, president and CEO. ``The rate of sequential decline for Semiconductor orders has slowed, and it appears our Semiconductor revenue is nearing a bottom. Wireless orders increased, reflecting our customers' continued progress in reducing excess inventory as well as the impact of new programs. The downturn isn't over, but we are beginning to shift our focus to recovery and growth....'' Regards, Don