Texas Instruments posts quarterly loss, says Fujitsu challenges some royalties
Article Abstract:
Texas Instruments Inc (TI) reports a loss of $157 million, or $1.99 a share, for the 2nd qtr of 1991. Net income for the same period in 1990 is reported at $11 million, or two cents a share. Revenue for 2nd qtr 1991 totals $1.69 billion, up from $1.59 billion in 1990. TI attributes the losses and subsequent reduction of its workforce by 3,200 positions to lowered defense spending and generally reduced demand for semiconductors. In other news, TI reveals that Fujitsu Ltd challenges TI's claim to the important Kilby semiconductor patent, which covers basic semiconductor technology. Fujitsu's move threatens profits that TI expects from royalties, including $74 million for the 2nd qtr. TI intends to bring legal action against Fujitsu in Japan.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Texas Instruments posts a deficit, first in four years
Article Abstract:
Texas Instruments Inc posts a $7 million, or 19 cents a share, loss for 3rd qtr 1990. The company had a net income of $65 million, or 67 cents a share, during the 3rd qtr of 1989. Revenue rose seven percent from the 3rd qtr of 1990, up to $1.68 billion from $1.57 billion. Losses were do in part to an earthquake that damaged a plant in the Philippines, but the greatest loss came from over-estimating the demand for microprocessor chips. Demand for a 1Mbyte chip has flattened out and the price has fallen almost 50 percent, to $4 a chip. Texas Instruments has spent $706 million on capital expenditures to develop nine state-of-the-art memory chip factories around the world.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Texas Instruments net fell sharply in second quarter
Article Abstract:
Texas Instruments Inc reports lower earnings for its 2nd qtr 1990 due to depressed prices for its semiconductor memory chips. For the quarter, the firm reports net income of $11 million, compared with a net of $106 million for the same period a year ago. Revenue for the 2nd qtr 1990 is $1.59 billion, down from $1.63 billion for the same period a year ago. Results for the quarter fall in line with analysts expectations. Texas Instruments also indicates that a loss is possible for its 3rd qtr 1990 due to continued depressed prices, start-up costs for a new semiconductor factory, earthquake damage to its factory in the Philippines and product development costs.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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