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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (143905)	7/24/2006 5:49:26 PM
From: Eric L	Read Replies (1) \| Respond to of 152472

TI Should Help QCOM CC Q&A in Progress ... “Strategically, our focus on open wireless standards was reinforced by the actions of operators around the world, who are accelerating their infrastructure transitions to GSM because of its cost effectiveness and the wide range of choices it offers. ... Going into the third quarter, our backlog of orders is up, and our outlook is for seasonal growth. As always, we will pay close attention to the world’s economies and to our inventory in the various market channels.” - Rich Templeton, CEO - [3G up 70% from last year] Earnings Release here ... ti.com TXN up AH $1.06 (+3.81%) right now ... >> Texas Instruments Profit Rises on Wireless Demand Stocks mentioned in this article: Texas Instruments Incorporated (TXN); QUALCOMM, Inc. (QCOM) Reuters San Francisco July 24, 2006 tinyurl.com Texas Instruments Inc., the biggest maker of chips for cellphones, said on Monday second-quarter earnings rose 27 percent on strong cellphone demand and offered a third-quarter outlook broadly in line with Wall Street estimates. Shares in the company rose 2.9 percent to $28.68 in extended trading. The stock has fallen by about 9 percent over the past year on concerns that wireless growth could slow. The worries have affected others in the industry, such as rival Qualcomm Inc., which has also seen about a 10 percent decline in its share price. TI, which develops everything from calculators to flat-screen televisions, said that excluding a special gain from the sale of its sensors and controls unit, it earned $739 million, or 47 cents per share, in the second quarter compared with $584 million, or 35 cents per share, a year earlier. Revenue was $3.7 billion, up 25 percent from $2.97 billion a year earlier. Analysts on average were expecting earnings excluding items of 47 cents a share on revenue of $3.7 billion. The Dallas, Texas-based company said sales of wireless chips grew 27 percent from a year ago, led by strong demand for processors to power a new generation of mobile phones capable of handling video and data in addition to voice. "Going into the third quarter, our backlog of orders is up, and our outlook is for seasonal growth. As always, we will pay close attention to the world's economies and to our inventory in the various market channels," Chief Executive Rich Templeton said in a statement. TI forecast third-quarter earnings of 42 cents to 48 cents per share on revenue of $3.63 billion to $3.95 billion. Analysts have expected TI to earn 45 cents per share on revenue of $3.83 billion in the third quarter, according to Reuters Estimates. Including a $1.65 billion gain from the sale of the sensor unit to private equity firm Bain Capital, second-quarter profit was $2.39 billion, or $1.50 per share, compared with $628 million, or 38 cents a share, a year ago. << - Eric -