TI sells Micron holdings

July 14, 2003 – Texas Instruments has sold 24.7 million shares of Micron Technology, for which it will record a pre-tax gain of $106 million in its third quarter financial results. TI also says it will record a $162 million tax benefit attributable to the realization of a tax loss carryback due to the sale. The combined effect will result in an increase of $230 million to the company’s’ net income in 3Q03.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.