Better than expected results from Texas Instruments boosted tech stocks on Wednesday.
TI reported earnings of 28 cents a share on a 14% jump in revenues, beating Wall Street estimates. Earnings slipped 4% from the year-ago quarter on rising costs, but the results were good enough for analysts to grudgingly raise their ratings on the stock.
Shares of TXN surged more than 7% on the day, sending chip stocks to a 2.5% gain.
Investors will get another look at the health of the tech sector Thursday night, when Microsoft reports earnings. Analysts expect Microsoft to report earnings of 33 cents a share on sales of $10.55 billion, up 4% from a year ago. NETWORK PHYSICS AND TEXAS INSTRUMENTS ANNOUNCE COLLABORATION ::
File Format: PDF/Adobe Acrobat - View as HTMLJun 12, 2007 Gain Control (AGC) which help significantly boost the performance and quality of a full duplex. hands-free speakerphone. TI’s AEC works with
http://www.grandstream.com/documents/TI-GrandstreamRelease.pdfHOME |
Texas Instruments and Intel: A tale of two chip stocks - Sep. 9, 2005::
Sep 9, 2005 TI got a big boost from healthy demand in its wireless, analog, but these concerns are already reflected in most chip stocks' prices."
http://money.cnn.com/2005/09/09/technology/chip_outlook/index.htmHOME |
The Nasdaq rose 26 to 2046, the S&P 500 added 5 to 1174, and the Dow climbed 37 to 10,498. Volume rose to 1.64 billion shares on the NYSE, and 2.13 billion on the Nasdaq. Advancers led 23-9 on the NYSE, and 21-9 on the Nasdaq. Upside volume was 69% on the NYSE, and 74% on the Nasdaq. New highs-new lows were 101-26 on the NYSE, and 70-44 on the Nasdaq.
After the close, VeriSign, Websense, LSI, Digital River and RealNetworks beat estimates. Sierra Wireless missed estimates, and JDS Uniphase warned again.
During the day, Cymer, Flextronics, StorageTek, Compuware, InfoSpace, PLX and Hyperion surged on better than expected results.
CA, Avaya and Corning fell on their results, while Red Envelope and CSG climbed after beating estimates.
SBC edged higher after announcing 7,000 layoffs.
Nokia rose 2% ahead of its earnings Thursday morning.
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