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More on Texas Instruments (TXN -1.4%): Nomura is reiterating a Reduce: while encouraged by a...
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Tuesday, April 24, 2012, 12:38 PM ETMore on Texas Instruments (TXN -1.4%): Nomura is reiterating a Reduce: while encouraged by a pickup in TI's bookings (book/bill was 1.04, up from Q4's 0.84), the firm is concerned wireless sales will "remain a drag." Needham (Hold) is worried order pickup may simply be due to inventory restocking rather than end-user demand. Stifel (Buy) is more positive, expecting sales to rise through 2012, and predicting operating leverage will drive margin growth. (transcript)
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