Habitual Disappointer Texas Instruments Strikes Again

Tyler Durden's picture

The last time Texas Instruments slashed its top and bottom line outlook was a whopping 4 months ago. Which means it is time for a new trimming of forecasts. Sure enough...

In a scheduled update to its business outlook for the third quarter of 2011, Texas Instruments Incorporated (TI) (NYSE:TXN - News) today narrowed and lowered its expected ranges for revenue and earnings per share (EPS). The reductions are due to broadly lower demand across a wide range of products, markets and customers.

 

The company currently expects its financial results to be within the following ranges:

  • Revenue:  $3.23 – 3.37 billion, compared with the prior range of $3.40 – 3.70 billion
  • EPS:  $0.56 – 0.60, compared with the prior range of $0.55 – 0.65

That said, if by now investors haven't realized what is going on with the once vaunted tech space, they deserve to lose every cent of their money.

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ihedgemyhedges's picture

Serial disappointer, bitchezzz!

FunkyMonkeyBoy's picture

The only Texas Instrument i know is that tool George Bush (either)... evil human filth.

Careless Whisper's picture

he's got some competition. this photo is from last night's debate, taken during a break. 

it needs a caption.

here's mine:

rick; you call me al gore's cheerleader again, and i will cut you, old man.

ron; get your greasy hand off me, punk!

 

http://www.dallasvoice.com/wp-content/uploads/2011/09/perry_paul_1.jpg

 

Hugh G Rection's picture

That picture pisses me off.

I wish Bruno would have propositioned Perry in his movie. Would have turned into a hardcore gay porn.

Careless Whisper's picture

nah. i think they're both bottoms. so that wouldn't work, without some toys.

 

Hugh G Rection's picture

Ahh, you are forgetting Globalist Puppet, George Bush 2.0....Ricky "The Vaccinator" Perry.

They're Texas Tools though, a little different.

TruthInSunshine's picture

Ben Bernanke is going to bid up any AH losses TI takes on tonight.

Ben Bernanke's Virtuous Circle Econometric Model, which has so successfully propagated wealth and revived the economy, mandates this as so.

Cdad's picture

I think you are right.  I wonder how many ES points President Zero can get with his speech filled with promises he cannot deliver?  At least ten, I would guess.  It would create a nice AH selling opportunity around 1194

gratefultraveller's picture

OT Have you noticed how the graph of Ron Pauls victory in the MSNVC poll about the debate last night is brutally distorted?

http://firstread.msnbc.msn.com/_news/2011/09/07/7658608-who-do-you-think...

Might that be because there would not be much left to be seen of the competition if the graphs were on scale?

(Don't bitch(ez) about the OT, Tyler just tweeted the graph)

rosiescenario's picture

TI's outlook just reflects our lousy economy....

dwdollar's picture

Sounds like they need to do some more outsourcing.

Racer's picture

Not to worry, the usual pump in out of hours solves that little problem

Hephasteus's picture

Laser guided bombs were all fun and games till people started point 80 lasers all over the place and wasting expensive bombs.

TBT or not TBT's picture

TI sold all of that to Raytheon eons ago, Hephasteus. Also, laser designator type seekers aren't cool anymore. Now there is GPS, not that your understanding of laser designator technology was even approximately valid.