Oppenheimer isn't happy with Texas Instruments' (TXN -1.5%) plans to de-emphasize its mobile app...


Oppenheimer isn't happy with Texas Instruments' (TXN -1.5%) plans to de-emphasize its mobile app processor business, and predicts it will create revenue headwinds for TI's wireless business (~10% of sales) similar to what the chipmaker has seen from its gradual exit from the baseband chip market (ed: that business' decline was accelerated by Nokia's freefall). Both Oppenheimer and Avian are downgrading TI to neutral following the move.

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