Texas Instruments, Broadcom warn on revenues
Published: 09 Dec 2008 08:54 GMT
Chipmaker Texas Instruments has warned that its current-quarter sales and earnings will come in far below earlier estimates.
The company said it now expects revenue of $2.3bn (£1.5bn) to $2.5bn, compared with prior expectations of $2.83bn to $3.07bn. Per-share earnings are now expected to be between 10 and 16 cents, compared with an earlier range of 30 cents to 36 cents.
Texas Instruments did not provide further details in its press release, but said it would hold a conference call to discuss its finances. The company is one of the leading makers of the chips used in mobile phones.
The announcement follows similar warnings from a host of other companies, including fellow chipmakers Intel and AMD.
Broadcom also gave a warning late on Monday. At its analyst day, Broadcom said revenue and margins would be significantly less than previously projected.
The company now expects fourth-quarter revenue of $1.05bn to $1.1bn, including that from the digital-TV unit recently acquired from AMD. The company had previously expected revenue of $1.17bn to $1.24bn, excluding that acquisition.
Gross margins will drop more than expected from the prior quarter, Broadcom said. The company said it is cutting some of its operating-expense plans.
Credit: TI, Broadcom add to warnings chorus from CNET News
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