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

To: StanX Long who wrote (63882)	5/17/2002 2:18:05 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

TI reiterates 10% sequential growth estimate for Q2, but stays cautious By J. Robert Lineback Semiconductor Business News (05/16/02 16:58 p.m. EST) siliconstrategies.com RICHARDSON, Tex. -- Texas Instruments Inc. executives today said they remain cautious about the "shape" or size of the apparent semiconductor recovery, but TI continues to forecast a 10% sequential increase in total revenues in the second quarter compared to $1.8 billion in Q1. "Things are going well both in terms revenues and orders," said Richard K. Templeton, TI's chief operating officer. "We are reasonably encouraged by the progress," he said at the opening of TI's annual financial analyst meeting at a hotel in the Dallas suburb of Richardson. Overall, excess inventories of semiconductors appear to be worked down in most equipment segments, Templeton said. The only point of concern for inventories might be in the contract-manufacturing segment serving telecommunications, he told analysts. "The OEMs are reasonably clean at this point, but there may be a little more room to go in terms of the subcontractors," he suggested.