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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (8265)	12/8/2003 5:54:13 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

UPDATE - Texas Instruments raises outlook on strong demand Monday December 8, 4:59 pm ET (Updates with background, share price) SAN FRANCISCO, Dec 8 (Reuters) - Texas Instruments Inc. (NYSE:TXN - News), the top supplier of microchips for cellular phones, said on Monday it raised its outlook for the current quarter, citing continuing strong demand for its semiconductor products. Dallas-based TI said in a statement it expects fourth-quarter revenue of $2.64 billion and $2.765 billion and earnings of 25 cents to 27 cents per share, including an investment gain of 7 cents per share from its previously announced sale of 32.3 million shares of Micron Technology Inc. (NYSE:MU - News) common stock TI in October had said it expected to fourth-quarter sales in a range of $2.49 billion to $2.70 billion with earnings in a range of 14 cents to 19 cents per share, which did not include the contribution of the sale of Micron stock. Analysts had on average expected fourth-quarter revenue of $2.64 billion and earnings of 17 cents per share, excluding investment gains, according to Reuters Research, a unit of Reuters Group Plc. TI said its fourth-quarter semiconductor revenue is expected to be between $2.33 billion and $2.44 billion, compared with a prior range of $2.185 billion to $2.365 billion. Revenue from sensors and controls is expected to be between $245 million and $255 million, compared with the prior range of $235 million to $255 million, and revenue from educational and productivity solution products is expected to be between $70 million and $75 million, compared with the prior range of $70 million to $80 million, TI said. Following TI's revised outlook, shares in the company rose in after-market trade to $28.55 from their close at $28.24 on the New York Stock Exchange (News - Websites) .