Texas Instruments (TXN) states on its mid-quarter update call (webcast) that the unexpected...

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

Texas Instruments (TXN) states on its mid-quarter update call (webcast) that the unexpected weakness it saw in wireless sales was largely related to its OMAP application processors, due to both customer demand and inventory issues. OMAP chips power the Kindle Fire (AMZN) and Nook Tablet (BKS), as well as Samsung's Galaxy Nexus. Nonetheless, TI shares are now nearly unchanged AH.