Monday, June 11, 2007

UPDATE 1-TI lowers rev outlook as calculators miss target

(Reuters) - TI, the biggest maker of chips for mobile phones, forecast
revenue in a range of $3.36 billion to $3.51 billion, from an
earlier estimate of $3.32 billion to $3.6 billion, slightly
lowering the midpoint of its forecast.




It reduced its estimate for sales from its calculator unit
to a range of $160 million to $170 million, from its earlier
target of $180 million to $200 million.


Read more at Reuters.com Market News

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