Expected between $3.50 Billion and $3.66 Billion
- EPS Expected
between $0.50 and $0.54
Call on TI Web Site at 4 p.m. Central Time Today
DALLAS (Dec. 10, 2007) – In a scheduled update to its business
outlook for the fourth quarter of 2007, Texas Instruments Incorporated
(TI) (NYSE: TXN) today narrowed its expected ranges for revenue and earnings
per share (EPS).
The company’s expectations for revenue are:
revenue between $3.50 billion and $3.66 billion, compared with the prior
range of $3.40 billion to $3.68 billion;
revenue between $3.43 billion and $3.57 billion, compared with the prior
range of $3.33 billion to $3.59 billion; and
Technology revenue between $70 million and $90 million, unchanged from
the prior range.
EPS from continuing operations between $0.50 and $0.54, compared with
the previous range of $0.48 to $0.54.
will hold a conference call at 4 p.m. Central time today to discuss this
update. This conference call will be available live at www.ti.com.
TI’s original fourth-quarter outlook was published in the company’s
third-quarter 2007 earnings release on Oct. 22, available at www.ti.com.
TI’s fourth quarter ends on Dec. 31.
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 in this release that describe
our 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
demand for semiconductors, particularly for analog chips and digital
signal processors in key markets such as communications, entertainment
electronics and computing;
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
ability to develop, manufacture and market innovative products in a
rapidly changing technological environment;
ability to compete in products and prices in an intensely competitive
ability to maintain and enforce a strong intellectual property portfolio
and obtain needed licenses from third parties;
of license agreements between TI and its patent licensees, and market
conditions reducing royalty payments to TI;
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;
events such as severe weather and earthquakes in the locations in which
TI, its customers or its suppliers operate;
and cost of raw materials, utilities, manufacturing equipment, third-party
manufacturing services and manufacturing technology;
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;
or curtailments of purchases from key customers and the timing and amount
of distributor and other customer inventory adjustments;
demand that differs from company forecasts;
- The financial
impact of inadequate or excess TI inventories to meet demand that differs
liability or warranty claims, or recalls by TI customers for a product
containing a TI part;
ability to recruit and retain skilled personnel; and
implementation of new manufacturing technologies, installation of manufacturing
equipment and the ability to obtain needed third-party foundry and assembly/test
For a more
detailed discussion of these factors, see the text under the heading “Risk
Factors” in Item 1A of our most recent Form 10-K. The forward-looking
statements included in this release are made only as of the date of publication,
and we undertake no obligation to update the forward-looking statements
to reflect subsequent events or circumstances.
Incorporated provides innovative DSP and analog technologies to meet our
customers’ real world signal processing requirements. In addition
to Semiconductor, the company includes the Education Technology business.
TI is headquartered in Dallas, Texas, and has manufacturing, design or
sales operations in more than 25 countries.
is traded on the New York Stock Exchange under the symbol TXN. More information
is located on the World Wide Web at www.ti.com.