Hmm it seems that TXN is looking at good growth in the coming quarter.
TI, which sells chips for everything from cell phones to calculators, now expects second-quarter earnings from continuing operations of 46 cents to 48 cents a share, versus its earlier estimate of 38 cents to 43 cents a share.
Analysts on average had forecast 40 cents a share.
When you couple it with this article that I read yesterday about cell phone sales being up 20%. TXN is the leader is cell phone chip making so they may be a pretty good growth story going forward. It also seems to be trading at a discount to the market, and is about $7 cheaper then its fair market value. It is certainly a decent add to someones Watch List.
Mobile phones are a particularly hot item, driven by an apparent desire for a wave of more advanced models that have expanded the handsets' usefulness beyond verbal communication by turning them into vehicles for Web surfing, pictures and videos.
The trade group estimated cell phone shipments this year will increase 20 percent to about 1 billion units. Each of those devices contains chips costing an average of $41.
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