Texas Instruments (TXN) gives back the AH gains it saw from its mid-quarter update after making...

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

Texas Instruments (TXN) gives back the AH gains it saw from its mid-quarter update after making cautious CC comments. The company says it expects orders to be down Q/Q in Q3 (a seasonally strong quarter), and is seeing "notable weakness" from the PC market. Also, TI claims the mobile processor market has become "less attractive" thanks to the dominance of Apple and Samsung, who rely heavily on their own processors - tough competition from Qualcomm, Nvidia, and now Intel might also be discouraging TI.