Dec. 3, 2002 – Dallas, TX – Texas Instruments Inc. expects revenue for 4Q02 to be better than previously estimated.
TI’s semiconductor revenue is now expected to decline about 2% sequentially, instead of the 5% originally noted in the company’s earnings report in October.
Total TI revenue is now expected to be down about 7% instead of 10%, mostly reflecting the seasonal drop in calculator shipments. Earnings/share also should be better than expected, at about $0.03 pro forma and $0.01 GAAP, plus or minus a few cents.
“The improvement in fourth-quarter expectations comes primarily from stronger demand for our wireless and high-performance analog products,” said CFO Bill Aylesworth.