Excessive inventory effect disappeared TI adjusted low quarter forecast

March 8th news of the world's largest mobile phone chip maker TI (TI) Monday its quarterly revenue is expected to the minimum expected after compression, called TV chip and video projector chip demand is weak.

TI said it now expects first quarter revenue in the range of $2 billion 910 million 30.3 billion U.S. dollars, earnings per share of 22 cents of 24 cents. Previously, the company expects quarterly sales target of $2 billion 900 million - $3 billion 140 million, earnings per share of 22 cents - 26 cents.

TI said that the TV and projector manufacturers ordered a large number of digital light source projection chips at the end of last year, but since then the market demand is lower than expected to reduce the number of purchases.

The company's DLP products are mainly used by Samsung Electronics, Toshiba and other large chip companies TV products.

On the whole, sales of the company's semiconductor products continue to be affected by excessive inventory in the hands of distributors.

Sales of the company's educational products business (production calculator), sensors and controller departments have basically achieved the desired objectives.

On Monday, the stock market in New York, TI's stock price in the late hours of trading by the closing of $27.37 fell by 3.5%.