Texas Instruments observes loss, share falls, but still not worse
TI profit, revenue tumble on shrinking demand
Shares in Texas Instruments Inc. fell Tuesday after the chip maker reported that first-quarter profit and revenue tumbled as competition heightened and demand for its chips shrank amid the recession. In reporting financial results Monday, the company said customers have begun to whittle down inventories of TI's chips, which are used in cell phones and other gadgets. Orders for TI chips have risen each month since hitting bottom in December.
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