$56 million loss at Texas Instruments
Article Abstract:
Texas Instruments Inc reports a loss of $56 million for its 4th qtr 1990, which it attributes to weakening demand and lower prices for its semiconductor products. Revenues for the quarter are up 2.3 percent to $1.76 billion from $1.73 billion a year ago. The quarterly loss also means that Texas Instruments will post its first yearly loss, of $39 million, since 1985 when it lost $140.9 million. The losses coupled with gloomy statements from officials at Texas Instruments drove the stock's price down $3 to close at $34.625 on the day. Analysts attribute the poor showing partially to the economic slowdown in general and partially to a dive in the price of memory chips from $6 each in early 1990 to $3.50 by the end of the year. On a more positive note, Texas Instruments reports signing a patent-licensing agreement with the Oki Electric Industry Company of Japan.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1991
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Chip maker has big rise in earnings; market growth cited by Texas Instruments
Article Abstract:
Texas Instruments Inc (TI) reports a 1st qtr 1993 net income of $81 million, or 85 cents a share, more than double the year-ago level of $40 million, or 35 cents a share. Revenues increased from $1.7 billion to $1.9 billion, or 11.8 percent. TI's positive financial performance is a result of large investments that expanded the company's semiconductor product lines and reflects the rapidly growing international market for computer chips. TI is the main supplier of variations of the Sparc microprocessors used by Sun Microsystems Inc's workstations. Sales of its 486 microprocessor, which competes with Intel's model, rose sharply in the quarter. TI has also made inroads into the Japanese market and supplies specialized chips to consumer electronics manufacturers such as Canon and Sony.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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Texas Instruments report 30.6% decline in earnings
Article Abstract:
Texas Instruments (TI) reports a 3rd qtr 1989 net income of $65 million, a 30.6 percent drop from 3rd qtr 1988. Reasons for the downturn include the falling price of dynamic random access memory (DRAM), one of TI's basic products, as well as reduced sales of logic-chips. Customers are turning to new products produced by TI's competitors, such as gate arrays and programmable logic chips, instead of using the logic-chips. Sales fall from $1.58 billion to $1.54 billion, and operating income falls 63 percent, from $107 million in 3rd qtr 1988 to $40 million. The digital products unit continued to lose money and sales weakened further in the military unit.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
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