Monday, October 21, 2002 6:15:23 PM
17:55 ET Texas Instruments speaks of limited visibility (TXN) 17.12 +0.02: -- Update -- On call, says it has limited visibility in the current environment with historically short lead-times... In Q&A portion of call, says order shortfall was primarily in the PC and PC market peripherals segments... thinks it is too early to comment on Q1... TXN -2.90 at 14.22
18:04 ET Texas Instruments not likely to raise 2003 capex (TXN) 17.12 +0.02: -- Update -- In response to question about 2003 capex forecast, management says it still hasn't put together a formal annual plan but that it's hard to see at this point why it would need to be higher than 2002 capex, which will be $800 mln... TXN -2.87 at 14.25
18:11 ET Texas Instruments likes Q4 wireless prospects (TXN) 17.12 +0.02: -- Update -- On call, says that as Q3 progressed, wireless was better in terms of Q3 growth than it had expected at the beginning of the quarter... for Q4, expects high single-digit sequential growth again for wireless business in Q4.. TXN -2.90 at 14.22
18:04 ET Texas Instruments not likely to raise 2003 capex (TXN) 17.12 +0.02: -- Update -- In response to question about 2003 capex forecast, management says it still hasn't put together a formal annual plan but that it's hard to see at this point why it would need to be higher than 2002 capex, which will be $800 mln... TXN -2.87 at 14.25
18:11 ET Texas Instruments likes Q4 wireless prospects (TXN) 17.12 +0.02: -- Update -- On call, says that as Q3 progressed, wireless was better in terms of Q3 growth than it had expected at the beginning of the quarter... for Q4, expects high single-digit sequential growth again for wireless business in Q4.. TXN -2.90 at 14.22
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