In another bad sign for the consumer electronics market, chipmaker Texas Instruments warned that its current quarter sales and earnings will come in far below earlier estimates.
The company said it now expects revenue of $2.3 billion to $2.5 billion, as compared with prior expectations of $2.83 billion to $3.07 billion. Per-share earnings are now seen between 10 cents and 16 cents, as compared with an earlier range of 30 cents to 36 cents.
TI did not provide further details in its press release, but said it would hold a conference call to discuss its finances. … Read more