TI updates fourth-quarter 2009 business outlook
December 08 2009 - 4:30PM
PR Newswire (US)
Conference call on TI web site at 4 p.m. Central time today
www.ti.com/ir DALLAS, Dec. 8 /PRNewswire-FirstCall/ -- In a
scheduled update to its business outlook for the fourth quarter of
2009, Texas Instruments Incorporated (TI) (NYSE:TXN) today revised
its expected ranges for revenue and earnings per share (EPS). The
company currently expects its financial results to fall within the
following ranges: -- Revenue: $2.90 - $3.02 billion, compared with
the prior range of $2.78 - $3.02 billion -- EPS: $0.47 - $0.51,
compared with the prior range of $0.42 - $0.50. The company will
hold a conference call at 4 p.m. Central time today to discuss this
update. This conference call will be available live at
http://www.ti.com/ir. TI's original fourth-quarter outlook was
published in the company's third-quarter 2009 earnings release on
October 19, available at http://www.ti.com/ir. TI's fourth quarter
ends on December 31. "Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995: This release includes
forward-looking statements intended to qualify for the safe harbor
from liability established by the Private Securities Litigation
Reform Act of 1995. These forward-looking statements generally can
be identified by phrases such as TI or its management "believes,"
"expects," "anticipates," "foresees," "forecasts," "estimates" or
other words or phrases of similar import. Similarly, statements
herein that describe the Company's business strategy, outlook,
objectives, plans, intentions or goals also are forward-looking
statements. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those in forward-looking statements. We urge
you to carefully consider the following important factors that
could cause actual results to differ materially from the
expectations of TI or its management: -- Market demand for
semiconductors, particularly in key markets such as communications,
entertainment electronics and computing; -- TI's ability to
maintain or improve profit margins, including its ability to
utilize its manufacturing facilities at sufficient levels to cover
its fixed operating costs, in an intensely competitive and cyclical
industry; -- TI's ability to develop, manufacture and market
innovative products in a rapidly changing technological
environment; -- TI's ability to compete in products and prices in
an intensely competitive industry; -- TI's ability to maintain and
enforce a strong intellectual property portfolio and obtain needed
licenses from third parties; -- Expiration of license agreements
between TI and its patent licensees, and market conditions reducing
royalty payments to TI; -- Economic, social and political
conditions in the countries in which TI, its customers or its
suppliers operate, including security risks, health conditions,
possible disruptions in transportation networks and fluctuations in
foreign currency exchange rates; -- Natural events such as severe
weather and earthquakes in the locations in which TI, its customers
or its suppliers operate; -- Availability and cost of raw
materials, utilities, manufacturing equipment, third-party
manufacturing services and manufacturing technology; -- Changes in
the tax rate applicable to TI as the result of changes in tax law,
the jurisdictions in which profits are determined to be earned and
taxed, the outcome of tax audits and the ability to realize
deferred tax assets; -- Changes in laws and regulations to which TI
or its suppliers are or may become subject, such as those imposing
fees or reporting or substitution costs relating to the discharge
of emissions into the environment or the use of certain raw
materials in our manufacturing processes; -- Losses or curtailments
of purchases from key customers and the timing and amount of
distributor and other customer inventory adjustments; -- Customer
demand that differs from our forecasts; -- The financial impact of
inadequate or excess TI inventory that results from demand that
differs from projections; -- The ability of TI and its customers
and suppliers to access their bank accounts and lines of credit or
otherwise access the capital markets; -- Product liability or
warranty claims, claims based on epidemic or delivery failure or
recalls by TI customers for a product containing a TI part; -- TI's
ability to recruit and retain skilled personnel; and -- Timely
implementation of new manufacturing technologies, installation of
manufacturing equipment and the ability to obtain needed
third-party foundry and assembly/test subcontract services. For a
more detailed discussion of these factors, see the Risk Factors
discussion in Item 1A of the Company's most recent Form 10-K. The
forward-looking statements included in this release are made only
as of the date of this release, and the Company undertakes no
obligation to update the forward-looking statements to reflect
subsequent events or circumstances. About Texas Instruments Texas
Instruments (NYSE:TXN) helps customers solve problems and develop
new electronics that make the world smarter, healthier, safer,
greener and more fun. A global semiconductor company, TI innovates
through design, sales and manufacturing operations in more than 30
countries. For more information, go to http://www.ti.com/. TXN-F
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http://photoarchive.ap.org/ DATASOURCE: Texas Instruments CONTACT:
Media, Chris Rongone, +1-214-480-6868, , or Kim Morgan,
+1-214-480-6127, , or Investor Relations, Ron Slaymaker,
+1-214-480-6388, , or Dave Pahl, +1-214-480-4629, , or Richard
Kerslake, +1-214-480-7615, , all of Texas Instruments Incorporated
(Please do not publish these numbers or e-mail addresses.) Web
Site: http://www.ti.com/
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