Feeds

TI reaps wireless boom

And increases dividend

  • alert
  • submit to reddit

Intelligent flash storage arrays

Texas Instruments reported a net income of $628m on revenue of $3.23bn in its 2Q 2005 earnings, announced yesterday. The revenue is almost exactly the same as a year ago, but an improvement on the previous quarter.

Revenue from analog chips grew 13pc, and revenue from DSPs, the cornerstone of the company's revival over the past decade, grew by 8pc from Q1. The company pointed to the Slingbox PC TV adaptor and a major win from Samsung for HD-TVs.

The company rewarded shareholders with a $2bn share buyback and increased the dividend, which will be due in October, by 20 per cent. TI ended the quarter with a cash pile including short term investments of $4.47bn before the buybacks and dividends begin.

TI issued guidance of $3.29bn to $3.56bn for Q3. ®

Related stories

TI meets lowered Q1 forecast
TI cuts Q1 sales forecast
TI delivers on single-chip promise

Internet Security Threat Report 2014

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.