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Article: Texas Instruments lowers forecast

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International Herald Tribune
Article date:
March 12, 2008
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From News reports AP, Reuters
International Herald Tribune
03-12-2008
Texas Instruments lowers forecast
Byline: From News reports AP, Reuters
Edition: 1
Section: FINANCE/BUSINESS

Texas Instruments, which makes chips used in about half the world's cellphones, has lowered its range of expected profits and sales in the first quarter, citing a major customer's decision to cut orders.

Company officials declined Monday to identify the customer, other than to indicate it was a maker of cellphones.
The news caused shares in the world's top cellphone maker, Nokia - a major customer of Texas Instruments - and several other European technology firms to fall Tuesday.

Analysts said Nokia was probably the ...

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