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Technology Stocks : Microsoft Corp. - Moderated (MSFT) -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (637)	10/21/2002 5:42:16 PM
From: The Duke of URL©	Respond to of 19789

TI misses expectations, sees job cuts By Ian Fried Staff Writer, CNET News.com October 21, 2002, 2:23 PM PT Texas Instruments, the largest maker of chips used in cell phones, posted earnings Monday that fell short of estimates and announced plans to cut 500 jobs. For the three months ended Sept. 30, TI said it earned $188 million, or 11 cents per share, on revenue of $2.25 billion. In the same quarter a year ago, the company had a net loss of $117 million, or 7 cents per share, on revenue of $1.85 billion. Excluding various items, TI posted a narrower net income of 9 cents per share. Analysts had been expecting earnings on that basis of 10 cents a share, according to First Call. TI said it expects total sales to drop 10 percent... msnbc-cnet.com.com