Texas Instruments to sell computer unit to Acer

Article Abstract:

Texas Instruments is reporting the sale of its notebook computer division to the Acer Group. Analysts and investors generally support the Jan 23, 1997 announcement of the sale, and look to it as an indication that Texas Instruments will refocus on its specialized digital signal processors market. Texas Instruments' fourth quarter digital signal processor sales are reported to have risen 30% over the same period in 1995. While the company's 1996 revenues have declined to $2.5 billion from $3.1 billion in 1995, analysts point to the company's $127 million in earnings prior to its large one-time expenditures. These expenditures include its $91 million in charges for layoffs and a voluntary retirement program, and write-downs of $117 million attributed primarily to the notebook computer operations sale. In response to the sale, Texas Instrument's market share has risen to $70.75, an increase of $7. Acer will retain the rights to Texas Instruments' Extensa and Travelmate brand names through Jan 2000.

Electronic computers, Computer industry, Finance, Company analysis, Acer Inc., Company Acquisition/Merger

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Texas Instruments to eliminate 3,500 jobs; chip maker also reaches to sell unit to Micron Technology

Article Abstract:

Struggling chip vendor Texas Instruments said it would eliminate 3,500 jobs, or 8% of its work force. Another company move consisted of selling its computer memory chip business to Micron Technology for approximately $641 million in stock plus $190 million in debt. Texas Instruments blamed the job reductions on the recent sale of several divisions and a soft market for chips compounded by Asian financial difficulties. The company said it would save around $270 million annually before taxes by shedding some 2,500 US-based jobs. Layoffs will depend on the number of voluntary worker departures, according to Texas Instruments. The expected transaction between Texas Instruments and Micron Technology will push Micron Technology to the top of the memory chip manufacturing market with an approximate 18% share.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Semiconductor industry, Human resource management, Micron Technology Inc., MU, Company restructuring/company reorganization, Reorganization and restructuring

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