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Texas Instruments (TXN) drops 6.6% AH after using its mid-quarter update to guide for Q4 revenue...

Texas Instruments (TXN) drops 6.6% AH after using its mid-quarter update to guide for Q4 revenue of $3.19B-$3.33B and EPS of $0.21-$0.25, below prior guidance ranges of $3.26B-$3.54B and $0.28-$0.36. TI blames the shortfall on "lower demand across a wide range of markets," save for wireless application processors. Between TI and Altera's (ALTR) warnings (previously), chip stocks are likely to see weakness tomorrow. (webcast)
Comments (2)
  • IncomeYield
    , contributor
    Comments (2060) | Send Message
     
    As I have posted, this is likely the first of more to come and representative. These warnings and China are likely more important that Europe.
    8 Dec 2011, 04:49 PM Reply Like
  • IncomeYield
    , contributor
    Comments (2060) | Send Message
     
    Tablets and smartphones use fewer chips than PCs and virtualization (cloud computing) is essentially time sharing from 30 years ago.

     

    Big savings for users of IT, but not good for the IT industry or IT service providers. Far fewer of everything will be required as we move back from distributed, desktop computing to a more centralized, shared resource model.
    8 Dec 2011, 09:28 PM Reply Like
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