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johnsyn

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johnsyn

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Tuesday, 04/24/2012 12:47:02 PM

Tuesday, April 24, 2012 12:47:02 PM

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12:28 PM Up initially following its Q1 beat, Texas Instruments (TXN -1.3%) has reversed course, possibly due to worries about a massive drop in wireless chip sales. During its earnings call, TI noted sales of "connectivity" products such as Wi-Fi chips were soft, to go with an expected plunge in baseband chip sales (a business TI is exiting). Is that a sign TI is losing share to Wi-Fi chip leader Broadcom (BRCM -1%), or (along with ARM's shipment data) one of soft industry sales?
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