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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (2163)	3/2/2002 9:44:05 AM
From: Return to Sender	Respond to of 95936

Texas Instruments: 1Q Revenue Flat biz.yahoo.com Texas Instruments Says Revenue Will Be Flat in First Quarter DALLAS (AP) -- Texas Instruments said Friday that sales in the first quarter will be on par with the sluggish fourth quarter, in which the semiconductor giant lost $116 million. Company officials have said they hope to break even in the first quarter. Texas Instruments said in a shareholder proxy filed with the U.S. Securities and Exchange Commission that 2001 "was a difficult year," but that it is coming out of a downturn in the semiconductor industry as a stronger company. Inventory was reduced to a 3-year low of 50 days, compared to 71 at the end of 2000, and accounts receivable were also reduced, the company said. The company said top management didn't get any bonuses in the company's last fiscal year, although chairman and chief executive Thomas Engibous received options for 842,000 shares, expiring in 2011. Engibous received a salary of $836,700, up from $796,200 in 2000. In trading Friday on the New York Stock Exchange, Texas Instruments shares rose $2.15, about 7 percent, to $31.50.