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.

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

To: StanX Long who wrote (64250)	6/7/2002 2:02:30 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

TI Reconfirms Q2 Guidance on Strong Orders Online staff -- Electronic News, 6/6/2002 e-insite.net Texas Instruments Inc. is today expected to reconfirm its outlook for Q2 after experiencing two months of strong orders. Tom Engibous, TI’s chairman, president and CEO, will today reiterate the company’s April outlook during a presentation at the Sanford C. Bernstein 18th Annual Strategic Decisions Conference. The company expects revenue to increase about 10 percent from Q1 and expects to report earnings per share of about 5 cents under GAAP methods, or 6 cents per share pro forma. TI has seen improved semiconductor orders in the first two months of Q2. Consequently, the company expects its book-to-bill ratio to increase above 1.0 in Q2. Should the strength in orders continue, TI’s semiconductor revenue should increase sequentially in Q3. During the downturn, TI reduced annual costs by about $600 million, while continuing to invest in more efficient manufacturing. Engibous says this allows TI significant room for operating leverage on its fixed manufacturing costs as capacity utilization improves. As a result of this, the company expects revenue growth to fall through to the bottom-line at a high rate.