Texas Instruments Cuts Guidance As Usual, Fifth Consecutive Cut

Tyler Durden's picture


It must be a day ending in Y because  Texas Instruments just cut its guidance again, or rather, as usual. The reason: "lower demand for Wireless products." Uhm, such as those that the company with the fruit logo makes?

From the release:

In a scheduled update to its business outlook for the first quarter of 2012, Texas Instruments Incorporated (TI) (NASDAQ: TXN - News) today narrowed and lowered its expected ranges for revenue and earnings per share (EPS).  The reductions are due to lower demand for Wireless products.


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

    Revenue:  $2.99 – 3.11 billion compared with the prior range of $3.02 – 3.28 billion
    EPS:  $0.15 – 0.19 compared with the prior range of $0.16 – 0.24.

This is the 5th consecutive guidance cut by Texas Instruments. As a reminder from December 2011 "Fourth Time Is The Charm: Texas Instruments Slashes Outlook... Again":

Just in case anyone thought Texas Instruments was joking the first, second, or even third time previously, here is the company to cement that the feces have really hit the fan, as it has been warning for almost a year contrary to what bleary eyed optimists wanted to believe.

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Thu, 03/08/2012 - 17:34 | 2237337 Jim Cramer
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Thu, 03/08/2012 - 17:43 | 2237373 Id fight Gandhi
Id fight Gandhi's picture

Of course

Now they can come out and "beat" earnings.

Thu, 03/08/2012 - 17:51 | 2237407 Zero Govt
Zero Govt's picture

Unless they don't beat earnings

in which case it's just another day (ending in Y) at the office of bad news

Thu, 03/08/2012 - 18:21 | 2237494 PersonalRespons...
PersonalResponsibility's picture


In the event that the algos are watching...

string Apple = "fruit logo";



Thu, 03/08/2012 - 17:38 | 2237352 Ahmeexnal
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fruit of the loom manufactures wireless g-strings?

Thu, 03/08/2012 - 17:42 | 2237368 mayhem_korner
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With your mug, you should not be spouting such images.  If Bawnee Fwank had posted that I MIGHT have throw up faster.

Thu, 03/08/2012 - 17:39 | 2237353 Jason T
Jason T's picture

Also see food companies and their demand situation.  Raising prices is killing demand for food.  Its starving them of sales.  General Mills .. JM Smucker.. 

Thu, 03/08/2012 - 17:43 | 2237372 mayhem_korner
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Maybe time for a resurgence of the "generic" aisle in the supermarkets.

Thu, 03/08/2012 - 18:25 | 2237508 fuu
fuu's picture

Private label items have been going up almost hand in hand with name brand.

Thu, 03/08/2012 - 17:39 | 2237354 mayhem_korner
mayhem_korner's picture



As long as it has a stock symbol, the algos will levitate it.  Everything equities will soon converge to a beta of between 0.999 and 1.001. 

Thu, 03/08/2012 - 17:39 | 2237355 Lost Wages
Lost Wages's picture

Let me grab my Texas Instruments calculator and see if this is good news. Oh right. I threw it away after college.

Thu, 03/08/2012 - 18:09 | 2237466 Dave Thomas
Dave Thomas's picture

You mean your little professor calculator?


Texas instruments makes more than calculators silly.

Thu, 03/08/2012 - 17:42 | 2237366 sodbuster
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Gotta get slaves to make that shit!!  Like the company with the fruit logo does!!

Thu, 03/08/2012 - 18:01 | 2237419 Zero Govt
Zero Govt's picture

try to learn to differentiate before you make yourself look hysterical again

a). job application form

b). slavery

Thu, 03/08/2012 - 17:43 | 2237370 jcaz
jcaz's picture

Ouch- that's not just a little re-adjustment, either......  Sweeeeeeeeeeeet...................

Thu, 03/08/2012 - 17:43 | 2237371 The Axe
The Axe's picture

Like the market....the stock under performs..sorry   company under performs    stock is bot by algos   all day long....

Thu, 03/08/2012 - 17:45 | 2237381 mayhem_korner
mayhem_korner's picture

bot by algos  


Beautiful.  Beats murder by death.

Thu, 03/08/2012 - 17:44 | 2237378 Dr. Engali
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Bullish. Rally on.

Thu, 03/08/2012 - 17:45 | 2237384 Undecided
Undecided's picture



U.S. puts Vatican on list of money-laundering countries

Don't know what to make of this one...

Thu, 03/08/2012 - 17:47 | 2237391 Undecided
Undecided's picture

Wait i do they are after Italys gold lol

Thu, 03/08/2012 - 18:02 | 2237437 perchprism
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The Bamster is leaning on the Popester to relax his holiness' restrictions on birth control.

Thu, 03/08/2012 - 17:46 | 2237386 slewie the pi-rat
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back right after they first came out, i found a tiScientific sitting on top of one of those newspaper boxes you can never get open

i still have it.  it's like a magic wand to this luddite

hey!  TI is slewie's brand!


Thu, 03/08/2012 - 17:51 | 2237408 CvlDobd
CvlDobd's picture

GMCR getting blowtorched.

Thu, 03/08/2012 - 17:54 | 2237418 bbq on whitehou...
bbq on whitehouse lawn's picture

Nothing but poor management just like Kodak. Soon bankrupcy at least in the US just like kodak.

Tragic. But that seems to be the new business model run up debt declare bankrupcy rinse and repeat.

Thu, 03/08/2012 - 17:57 | 2237426 Zero Govt
Zero Govt's picture

Yep it's sure a slick working model for New York bwankers at the mo

Thu, 03/08/2012 - 21:37 | 2238131 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I used to work at a TI spinoff here in Dallas.

1) Corrupt management

2) Management was robbing from gov't contracts

3) Nepotism

4) Rampant cronyism

5) Professionalism was once uttered there (never practiced)

6) Intimidation of workers

Now why is TI broke?

Fri, 03/09/2012 - 09:51 | 2239281 vicorjh
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Taking cues from the Motorola style disembowlment?


Thu, 03/08/2012 - 17:56 | 2237421 ZippyBananaPants
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Maybe they can hire that dyke that is doing commercials for JPC.  I'm sure that is going to lift sales for them.

Thu, 03/08/2012 - 18:20 | 2237490 Tsar Pointless
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You wouldn't happen to be that moralistic and thrice-divorced Rush "I Want My Oxycontin" Limbaugh, would you?

Thu, 03/08/2012 - 18:16 | 2237475 Oztralian
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trying to make the case for a massive sell off in AAPL by quoting a fledgling company's guidance? The intangibles that aren't measured on AAPL's balance sheet that keep consumers coming through their doors (and buying) cannot be overlooked. They know there are other products out there at a significantly cheaper price, but they keep buying and will keep buying.

Thu, 03/08/2012 - 18:24 | 2237506 Agent P
Agent P's picture


Either you don't know the meaning of the word, or you don't know dick about TXN.

Thu, 03/08/2012 - 21:03 | 2238018 i-dog
i-dog's picture

My guess is both! And I'm still trying to puzzle where he thinks TD "made the case" for a "massive selloff" in AAPL. Can only ascribe it to upside down Strayan logic.

Thu, 03/08/2012 - 18:55 | 2237595 jcaz
jcaz's picture

Wow- what sort of crack do you Apple freaks smoke?  "Fledgling" TXN?  Get off the rock much. Aussie?

Yeah, you keep counting on those "intangibles"....   You probably think that the cash on their balance sheet is your golden parachute......  Wait until Apple has to start paying market prices for their content because Jobs can't swing deals anymore..... POOF goes that cash....

But hey, sure-  they'll "keep buying and buying",  just like they did with Dell products 10 yrs ago.... 

Oh WAIT- YOU'RE the Dell dude, aren't you????  Or smoking the same stuff.......

Thu, 03/08/2012 - 21:39 | 2238139 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Oz, the integrated circuit was invented at TI. Go climb back into your hole jackass!

Thu, 03/08/2012 - 18:16 | 2237476 Bunga Bunga
Bunga Bunga's picture

And I though watching commercials in 1080p on the way to Walmart is the next big thing.

Thu, 03/08/2012 - 18:23 | 2237502 Stoploss
Stoploss's picture

ifatigue is coming.

Thu, 03/08/2012 - 18:24 | 2237504 scatterbrains
scatterbrains's picture

oops time for the algos to switch out of SHLD and into TXN for a few hours ?

Thu, 03/08/2012 - 18:43 | 2237555 jmcadg
jmcadg's picture

I think that should have been
'lower demand for shit wireless products'
Yes, it makes sense now.

Thu, 03/08/2012 - 18:44 | 2237560 jmcadg
jmcadg's picture

I didn't know there was still a market for 'Speak and spell'!

Fri, 03/09/2012 - 02:43 | 2238775 Jumbotron
Jumbotron's picture


Or  Mattell Football.....


Thu, 03/08/2012 - 18:47 | 2237566 jmcadg
jmcadg's picture

Lol, I guess there isn't. My bad.

Thu, 03/08/2012 - 19:43 | 2237756 Jumbotron
Jumbotron's picture

"It must be a day ending in Y because  Texas Instruments just cut its guidance again, or rather, as usual. The reason: "lower demand for Wireless products." Uhm, such as those that the company with the fruit logo makes?"


Just a note of correction....Apple designs their own ARM based processor....they do not use much if any TI products such as their OMAP CPU and chipset solution.

On the other hand...Amazon's Kindle Fire has nothing BUT TI products from the OMAP CPU, controller chips, wifi radio etc....

Maybe Kindles are not flying off the shelf anymore.

Thu, 03/08/2012 - 22:59 | 2238368 Conman
Conman's picture

you sure about your "correction" ? I seem to see sources that broadcom makes apples wireless chipsets for the ipad and the A5 chip is made by samsung.

Fri, 03/09/2012 - 02:37 | 2238761 Jumbotron
Jumbotron's picture

"you sure about your "correction" ? I seem to see sources that broadcom makes apples wireless chipsets for the ipad and the A5 chip is made by samsung."

Thanks for making my point.  Broadcom is not TI.  I said there is very little to nothing of TI in Apple.  Also I said that Apple "designs" their A5 just as they "design" their Macs and iPads in America and fab them in China....only in this case the A5 is fabbed by Samsung.

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