TI narrows Q4 forecasts
Texas Instruments this week narrowed its Q4 revenue forecast as the world's semiconductor buyers continue to use up inventory rather than take product rolling off chip makers' production lines.
TI previously said the three months to 31 December - the company's fourth fiscal quarter - would yield group revenues in the range $2.96-3.20bn. This week it said it now anticipated the final figure would fall between $3.02bn and $3.14bn. Group earnings will range from 25 to 27 cents a share, compared to 24-28 cents a share from the last guidance note.
TI's chip business is now expected to contribute $2.68-2.78bn out of that total, from the $2.63-2.83bn previously forecast.
The company said the revised forecast was made the better to take into account the "ongoing inventory adjustments, especially in standard products sold through distribution channels". ®
Intel 'firing on all cylinders' - CEO
Samsung maps huge chip biz expansion
iSuppli cuts 2005 chip sales growth target
World chip sales to fall next year - analyst
Intel bumps Q4 forecast higher
World chip sales edge up in October
Intel to retain top chip maker title on 04...
Intel's Barrett looks for chip sales growth in '05
Chip trade body revises 2004 sales downward
TSMC, UMC fab utilisation to plummet in Q4
TI launches 'digital TV on a phone' scheme
Sponsored: Transform Your IT Infrastructure