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

To: Return to Sender who wrote (10061)	6/10/2003 5:42:42 PM
From: The Ox	Read Replies (1) \| Respond to of 95541

TXN warns: Dallas-based Texas Instruments, also known as TI, said that it now forecasts sales to rise about 5 percent from the $2.19 billion in the first quarter, instead of its original projection for a 7 percent sequential increase. TI said that it also expects semiconductor revenue to rise 2 percent from the first quarter, rather than the 4 percent it had forecast previously. Earnings per share are now expected to be about 6 cents, plus or minus a few cents, instead of about 8 cents, plus or minus a few cents, TI said. TI cited lower revenue and higher restructuring charges for the lower profit. "Wireless customers are experiencing a slowdown in demand for handsets and excess inventory, particularly in Asia," the company said in a statement. "Demand for TI's semiconductor products in other markets continues to be robust."