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resistion
TI can't live on analog alone?
sprite0022
I am trying to imagine, when a group of fat investors meet, they might be some ...
TI tagged by weak demand
Dylan McGrath
10/23/2012 1:52 AM EDT
Below expectations
TI reported third quarter sales of $3.39 billion, up 2 percent from the previous quarter and down 2 percent from the third quarter of 2011. The company reported a net income of $784 million, or 67 cents per share, up 76 percent from the previous quarter and up 30 percent from the year-ago quarter.
For the fourth quarter, TI projected that sales would slip to between $2.83 billion and $3.07 billion, which would represent a 13 percent decline at the midpoint. TI's fourth quarter sales target was well below consensus analysts' expectations of more than $3.2 billion.
TI, which still makes calculators, said its calculator revenue is expected to decline about $100 million in the fourth quarter. The company said it received about $60 million in insurance payments in the third quarter for business lost following last year's earthquake in Japan, which will not carry over into the fourth quarter.
TI executive declined to discuss plans for the company's OMAP applications processor, which the company has said will be re-targeted toward embedded applications, rather than smartphones and tablets. Subsequent reports have indicated that the company is in discussions to sell part or all of OMAP to Amazon.
"We realize there are questions regarding our plans for OMAP and connectivity products sold into the smartphone and tablets spaces," Marche said. "I can tell you, we are actively working on these plans, but at this point in time, we don't have anything new to share with you."
TI said its revenue from analog products—which represented 70 percent of its sales for the quarter—totaled $1.84 billion, up 2 percent from the previous quarter and up 18 percent from the third quarter of 2011.
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TI reported third quarter sales of $3.39 billion, up 2 percent from the previous quarter and down 2 percent from the third quarter of 2011. The company reported a net income of $784 million, or 67 cents per share, up 76 percent from the previous quarter and up 30 percent from the year-ago quarter.
For the fourth quarter, TI projected that sales would slip to between $2.83 billion and $3.07 billion, which would represent a 13 percent decline at the midpoint. TI's fourth quarter sales target was well below consensus analysts' expectations of more than $3.2 billion.
TI, which still makes calculators, said its calculator revenue is expected to decline about $100 million in the fourth quarter. The company said it received about $60 million in insurance payments in the third quarter for business lost following last year's earthquake in Japan, which will not carry over into the fourth quarter.
TI executive declined to discuss plans for the company's OMAP applications processor, which the company has said will be re-targeted toward embedded applications, rather than smartphones and tablets. Subsequent reports have indicated that the company is in discussions to sell part or all of OMAP to Amazon.
"We realize there are questions regarding our plans for OMAP and connectivity products sold into the smartphone and tablets spaces," Marche said. "I can tell you, we are actively working on these plans, but at this point in time, we don't have anything new to share with you."
TI said its revenue from analog products—which represented 70 percent of its sales for the quarter—totaled $1.84 billion, up 2 percent from the previous quarter and up 18 percent from the third quarter of 2011.
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de_la_rosa
10/23/2012 1:38 PM EDT
karma for all the arms they've developed over the years.
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sprite0022
10/23/2012 8:24 PM EDT
uh.. TI has the same issue as intel , picking a low IQ CEO, low IQ CEO could please many board members but don't expect him to pull out any serious tricks...
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sprite0022
10/23/2012 8:51 PM EDT
Templeton joined the company in 1980 after earning a bachelor’s of science degree in electrical engineering from Union College in New York. He spent his operational career in the company's Semiconductor business, beginning in sales and eventually becoming president of the entire business.
He topped the list of Institutional Investor's Best Semiconductor CEOs in America for three consecutive years from 2007 through 2009.
*** same piece of .. as intel s malony, inventor of ultrabook, lol.
and investers love him, and enjoy it then...
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sprite0022
10/23/2012 9:04 PM EDT
I am trying to imagine, when a group of fat investors meet, they might be some 2nd generation with rich dad/mom who has passed away for a while. they just want to preserve the fortune they inherited by investing in sth like TI.
they would prefer a lower IQ salesman over uh.. maybe a radical sth....
and its fate sealed.
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resistion
10/25/2012 9:14 AM EDT
TI can't live on analog alone?
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