Texas Instruments' Forecast Offers Hope for a Chip Revival

Dallas-based Texas Instruments Inc. gave an upbeat forecast for second-quarter sales, but executives cautioned that a rebound in customer demand may take more time.Earnings will be $1.12 to $1.32 a share on revenue as high as $3.74 billion, the semiconductor company said Tuesday in a statement. On average, analysts predicted profit of $1.24 a share and sales of $3.66 billion. First-quarter sales declined, but the results mostly beat Wall Street projections.Shares of Texas Instruments rallied after the numbers, but lost ground during a later conference call with analysts.   Continue reading...