Texas Instruments resumed Q4 and full-year 2008

01/29/2009

Texas Instruments, Inc. announced a 12% workforce reduction and the end of its efforts to sell its merchant base band business while reporting on a sour Q4 and full-year 2008 Monday afternoon.

Q4 revenue of $2.49 billion was down 26% sequentially and down 30% year over year. That was accompanied by net income of $107 million, down 81% sequentially and 86% year over year; profit of $51 million, down 93% sequentially and down 95% year over year; and EPS (earnings per share) of $0.08, down 81% sequentially and 85% year over year.

The December quarter capped off a year with revenue of $12.5 billion down 10%, income of $1.92 billion down 27%, profit of $2.43 billion down 30%, and EPS of $1.45 down 21% compared to 2007 results.

According to the materials of EDN (Electronics Design, Strategy, News) www.edn.com.

Company profile:  Texas Instruments