at Zacks.com (Tue, 9:00AM)
Texas Instruments (TXN +3.8%) is up after providing a guidance update that's being received favorably in light of industry and company-specific issues. During its update call, TI noted the wireless processor/connectivity business it's exiting will post a Q4 loss on revenue of ~$200M, and that those sales should be gone by 2014. Computing, industrial, and telecom infrastructure chip demand is also weak, though console and e-reader demand is healthy - that last bit could be a positive for AMZN and BKS. Chip stocks are outperforming (SOXX +2%). (Audi deal)
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Texas Instruments, Inc (TXN): New Analyst Report from Zacks Equity Research - Zacks Equity Research Reportat Zacks.com (Jan 15, 2015)
at MarketWatch.com (Jan 13, 2015)
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