TI reduced revenue forecast range of but expressed dissatisfaction with the Wall Street

EST on March 6th (Beijing time March 7th) news: Monday, TI increased its low-end chip profit forecast, but not as much as Wall Street wants, so its stock fell.

TI said it expects revenue for the first quarter to reach 31 cents to $33 A share, a little bit higher than the previous forecast of $29 to $33 a share.

Stifel Nicolaus analyst Cody Acree said: to raise the expected return is a good thing, but it is not enough to meet the optimistic Wall Street financial sector."

"There's nothing wrong with what they're doing," Acree said. It just narrows the range of expectations."

After its release, TI's shares fell 3% to $31.35 a share in the closing session. In the New York stock market trading, TI shares closed at $32.33 per share, up $0.1%.

Prior to the release of the news, TI shares rose about 18% last year, with the financial sector is increasingly optimistic about it, it soared last week by a further $10%.

TI's main rival is a joint venture between Italy, France, STMicroelectronics, Qualcomm and Freescale semiconductor. .

Since the world's largest chip maker Intel warned last week that its quarterly earnings may be lower than expected level, the Wall Street financial circles are very concerned about the TI company to forecast their expected revenue.

Many industry analysts believe that Intel is expected to lower revenue due to its market share has been eroded by AMD, rather than due to the overall weakness in the semiconductor market.

Ron, vice president of corporate investor relations, said in a conference call with analysts, said: "the market demand has been relatively strong, may be more than we predicted in January when the situation is more robust."

Slaymaker also said that the stock rate remained at a low level, TI has taken some measures to improve the inventory rate in the quarter. Low inventory is a more worrying problem, because it may lead to timely delivery, which hindered the growth of the company's performance.

TI will also be expected earnings narrowed to $3 billion 220 million to $3 billion 350 million, its expected return is expected to range from $3 billion 150 million to semiconductor revenue will be $3 billion 280 million in January, before the forecast at $3 billion 50 million to $3 billion 300 million.