Texas Instruments: The Dallas-based electronics firm said...
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From Times Staff and Wire Reports
Texas Instruments: The Dallas-based electronics firm said it lost $7 million in the third quarter, blaming higher investment spending and lower prices for semiconductors. TI said the loss compared to a profit of $65 million in the same quarter of 1989. Revenue totaled $1.68 billion, up 7% from a year earlier. Third-quarter results also were hurt by the temporary disruption of business at TI’s semiconductor assembly-and-test operation in Baguio, Philippines, following an earthquake in July.
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