Texas Instruments posts quarterly net; chip business has first profit since '89

Article Abstract:

Texas Instruments (TI) posts a 3rd qtr net income of $57 million, or 58 cents per share, which is the first profit reported since 1989. The profit includes a pretax charge of $10 million from the sale of its minicomputer operations to HP. During the same quarter in the previous year, TI lost $113 million, $1.45 per share and revenue for the period was $1.70 billion. Revenue for the current 3rd qtr was $1.89 billion, an 11 percent increase. Industry analysts were not surprised by TI's strong performance. Overall, the computer chip market has been hampered by a reduced demand for semiconductors. Demand is expected to increase from 6 percent to 8 percent during 1992. TI CFO William A. Aylesworth credits the company's presence in the Asian-Pacific market, which is expected to have a 20 percent increase in semiconductor demand, for its strong performance.

Electronic computers, Finance, Profits, Divestiture, Divestment, Third Quarter, Profit, Stock, Financial Report

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Texas Instruments sets royalty pact with Toshiba Corp

Article Abstract:

Texas Instruments Inc agrees to a royalty pact with Toshiba Corp over microprocessor technology. The deal amounts to a 10-year, multimillion dollar licensing agreement in which Toshiba will pay Texas Instruments royalties for using patented chip technology. Texas Instruments won the patent in Japan in 1989, 30 years after it applied for it. The semiconductor concern refused to comment on the amount of the deal but industry observers estimate that Toshiba will pay Texas Instruments between $20 million and $90 million annually between 1991 and 2001, and that amount could increase as Toshiba revenues increase. Texas Instruments stock was up 50 cents and closed at $34.75 on the New York Stock Exchange on Dec 11, 1990.

Cases, Toshiba Corp., Contracts, Patents, Licensing, Legal Issues, Semiconductor Industry, Patent

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