Net up 55%, Texas Instruments still disappoints
Article Abstract:
Texas Instruments and Cypress Semiconductor reported record earnings for 4th qtr 1995, but analysts still believe the computer industry boom is slowing. Texas Instruments earned $291 million, up 54.8% from the $188 million it earned in 4th qtr 1994. Still, the $1.50 per share price was short of the $1.58 per share forecast by analysts. Texas Instruments officials say the lower earnings were caused by special charges and losses from the software and notebook computer division. Chip orders for the 4th qtr 1995 are 40% higher than in 4th qtr 1994, but they are slightly below 3rd qtr 1995 orders. Texas Instruments plans to spend $2.5 billion in 1996 on facilities, up from the $1.4 billion in spent in 1995. Cypress Semiconductor earned $35.6 million for 4th qtr 1995, twice the $15.8 million in earned in the same quarter in 1994. The quarter's revenues totaled $177.3 million, in contrast to the $111.2 million earned in 4th qtr 1994.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Technology company profit reports show selective strength
Article Abstract:
A number of technology companies, including Sun Microsystems, Texas Instruments, LSI Logic and Cypress Semiconductor reported higher earnings than were expected for their first quarters. Texas Instruments profits are due to the strong demand for its specialized DSP chips, which are used in a wide variety of applications. Earnings for the company's first quarter reached $138 million, up from 1996 first quarter earnings of $132 million. Sun Microsystems' profitable quarter can be attributed to the corporate market's demand for its powerful network servers. The company reported earnings of $224 million for the first quarter of 1997, an increase of 58 cents a share over the previous year's $143 million and 37 cents a share results. LSI reported $38.4 million in earnings and Cypress earned $5 million.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Chip maker's operating net is up sharply: Texas Instruments' shares in rebound
Article Abstract:
Texas Instruments announced a sharp rise in 4th qtr 1997 operating earnings amid the Asian economic crisis. The chip manufacturer, while predicting a slow 1st qtr 1998, predicted a strong 1998 performance. Operating earnings in the 4th qtr 1997 reached $219 million, or 55 cents a diluted share, compared to analysts' projections of 59 cents a share. The numbers represent a sharp increase over the 4th qtr 1996 performance of $95 million, or 25 cents a diluted share. Texas Instruments told analysts that 1998 sales growth of digital signal processors would exceed 30%. A number of one-time charges resulted in a 4th qtr 1997 loss of $285 million, or 73 cents a diluted share. By comparison, the company's 4th qtr 1996 loss was $29 million, or 8 cents a diluted share.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Oracle stock hit by 29% loss as profits disappoint. What's a blue chip worth? The case for IBM stock. Basking in technology's glow
- Abstracts: More 'Easter Eggs' sneak into software as programmers show off, seek to amuse. Apple pushes IBM to ditch OS/2 for Mac
- Abstracts: Netscape battles takeover talk and shrinking sales. High anxiety in high technology; in an industry built on turmoil, Novell must struggle to rebound
- Abstracts: A systems-management deal that computes. Learning Company to acquire Broderbund in a stock swap
- Abstracts: Investment company (income) industry. part 3