EARNINGS : TI Suffers in Sluggish Market
Texas Instruments said today it lost $56 million in the fourth quarter and $39 million for all of 1990 because of a slower than expected recovery of the semiconductor market.
Nonetheless, the Dallas electronics and defense manufacturer said its strategic position for products, market opportunities, capacity and capital costs is the best in years.
“We made significant progress during the year toward executing our strategies for positioning TI during the 1990s, but TI’s financial performance in 1990 was a disappointment,” Jerry R. Junkins, president and chief executive officer, said in a letter to shareholders.
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