Texas Instruments Rises on Forecast for Revival in Chip Orders -- Texas Instruments Inc., the largest maker of analog semiconductors,
rose in extended trading after forecasting second-quarter earnings that may top some analysts’ estimates, buoyed by a revival in chip
orders. Profit will be 30 cents to 38 cents a share on revenue of $3.22 billion to $3.48 billion, the Dallas-based company said yesterday in a
statement. Analysts on average had predicted earnings of 32 cents on sales of $3.28 billion, according to data compiled by Bloomberg.
Texas Instruments rose as much as 4.3 percent in late trading following the report. The shares had fallen 1.8 percent to $31.89 at
yesterday’s close in New York. They have climbed 9.6 percent this year. (BN)
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STMicroelectronics Forecasts Sales Gain After First-Quarter Loss -- STMicroelectronics NV, Europe’s largest semiconductor maker,
forecast second-quarter revenue will increase from the previous period, when sales fell because of weakness in the wireless business and
European markets. Sales will advance by about 7.5 percent, plus or minus 3 percentage points, from $2.02 billion in the first quarter, the
Geneva-based company said yesterday in a statement. It reported a net loss of $176 million in the first period, compared with net income of
$170 million a year earlier and wider than the $75 million loss estimated by analysts. The stock fell 14 percent yesterday in Paris trading for
its biggest drop in more than 13 years, after ST-Ericsson, a joint venture with Ericsson AB, unveiled a plan to eliminate 1,700 jobs and
transfer development of some of its more advanced processors to STMicroelectronics to trim costs. (BN)