Texas Instruments Inc.: The Dallas-based semiconductor and...
From Times Staff and Wire Reports
Texas Instruments Inc.: The Dallas-based semiconductor and defense electronics firm said first-quarter net income plunged 84.7% to $13 million, while revenue dipped 4% to $1.54 billion. The firm said it would have posted a loss without a $15-million gain from the sale of its interest in another company. TI said profit from operations was about break-even in the quarter. Semiconductors operated at a loss, as the result of lower revenue combined with the effect of major investments for new products and capacity.
