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

|About: Texas Instruments Inc. (TXN)|By:, SA News Editor

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)