What a great week for Texas fans. First, the Houston Texans overcome the football season's longest opening-day odds to vanquish the Miami Dolphins. Now, Texas Instruments
Strength in its bread-and-butter semiconductor business finds the company tightening its projected range for the better. TI is now looking to earn between $0.20 and $0.22 a share on revenue between $2.4 billion and $2.5 billion. Unfortunately that finds the company raising the floor on the top-line but simply holding firm on the bottom. Wall Street was already braced for the worst after wireless bellwether Nokia
Coupled with a floor-raising move by Intel
Will we forgive TI for its lapse in evenhandedness? Three months ago, it blamed SARS, in part, for a second-quarter shortfall during that period's mid-quarter update. Is it bold enough to hog the credit now for its healthier revenue gains while it shifted the blame to external factors in the previous quarter?
Not really. TI wasn't alone anyway as others such as Motorola
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Texas Rocks
By Rick Munarriz
–
Updated Nov 18, 2016 at 10:32AM
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Texas Instruments raises the floor. Surprised?
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