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To: 2MAR$ who wrote (13862)	9/5/2001 8:43:17 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

DJ Texas Instruments -2: Sees Loss Of A Few Cents A Share WASHINGTON (Dow Jones)--Texas Instruments Inc. (TXN) confirmed its previous third quarter earnings estimates and fiscal 2001 spending plans, according to a filing Wednesday with the Securities and Exchange Commission. The company still expects to report a third quarter loss of "a few cents a share," before special charges. Analysts expected the company to earn 4 cents a share before it announced its third quarter outlook on July 23. Analysts now expect the semiconductor company to report a loss of 4 cents a share for the quarter. The company said in the filing that it expects third quarter revenue to decline 10% to 15% from the second quarter as many of its semiconductor customers "continue to reduce inventories in an environment of weak demand for their own products." In its semiconductor division, wireless revenue will rise slightly from the second quarter, but the increase will be more than offset by declines in other products, the company said. Nonsemiconductor revenue will rise from the second quarter as seasonal declines in sensors and controls are more than offset by a seasonal increase in sales of educational calculators for educational and productivity solutions. Operating margin will decline about 10 points from the second quarter before the effect of special charges and amortization of acquisition-related intangibles as a result of lower revenue. Non-operating income is still expected to decline to about $20 million due to reduced interest income, the company said. Also, the company expects depreciation of $1.6 billion, up 30% from last year. Texas Instruments said it still expects to spend $1.6 billion for research and development in 2001, unchanged from its prior estimate and even with last year. Also, the company sees capital expenditures of $1.8 billion for the year, unchanged from the prior estimate, and down 35% from last year. The company reported year-ago third quarter earnings of $679 million, or 38 cents a share, excluding items, on revenue of about $3.16 billion. -Carrie DeLeon; Dow Jones Newswires/Corporate Filings Alert; 202-628-7663 (END) DOW JONES NEWS 09-05-01 08:42 AM *** end of story *