Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (8523)	11/27/2001 6:40:00 PM
From: Sully-	Respond to of 99280

And that is a good thing?

To: puborectalis who wrote (8523)	11/27/2001 7:13:32 PM
From: LTK007	Respond to of 99280

where's the beef???:) These re-affirmations of terrible forecasts being viewed as "good",leave me as ever,incredulous.Max

To: puborectalis who wrote (8523)	11/27/2001 10:24:02 PM
From: puborectalis	Respond to of 99280

TI stands by its Q4 outlook By Nicole Maestri, CBS.MarketWatch.com Last Update: 7:31 PM ET Nov. 27, 2001 SCOTTSDALE, Ariz. (CBS.MW) -- Texas Instruments' chairman, ready to wrap up what has been a dismal year for the technology sector, says his company is still on track to meet its previously outlined financial targets for the final quarter of the year. "The best thing to say about 2001 is that it's darn near over," TI (TXN: news, chart, profile) Chairman, President and CEO Tom Engibous said in a speech at the Credit Suisse First Boston Annual Technology Conference Tuesday. But before exiting the year, Engibous said fourth-quarter revenue is still expected to decline about 10 percent from the third quarter, with semiconductor revenue expected to slip about 5 percent sequentially. TI cited both the economic downturn and seasonal declines in sales of its educational calculators for the lower revenue figure. Texas Instruments had outlined its fourth-quarter financial forecasts in a filing with the Securities and Exchange Commission earlier in the month. In that filing it also said its fourth-quarter loss per share would be 6 cents more than in the third quarter, before the effect of special charges and amortization of goodwill and other acquisition-related intangibles. In the third quarter, TI posted a loss of 3 cents per share on revenue of $1.8 billion. Analysts, on average, are currently looking for a fourth-quarter loss of 9 cents per share on revenue of nearly $1.7 billion, according to Thomson Financial/First Call. But Engibous said that, overall, business has stabilized. "The severe declines of this year were the results of excess inventories in an environment of decelerating demand for electronic end equipment," Engibous said. "Backlog appears to be in the process of stabilizing." With inventories back down to "normal" levels, Engibous said TI's sequential results should "be more in line" with historical patterns. The technology company also said its wireless business is seeing a recovery, as large customers have started placing orders in line with what they are shipping. "We expect sequential wireless revenue growth that began in the third quarter to continue in the fourth quarter," Engibous said. Texas Instruments also said that , aid the economic slowdown, said it has upgraded its manufacturing capabilities, which it expects will help lift its gross margins "by a couple of points." It also kept spending for research and development at roughly the same level as in 2000.