Don't Mess With Texas Instruments. Unless You Want to Buy Some Chips. Like, All of Them.

Texas Instruments (TXN) this evening reported Q3 sales and profit per share just short of estimates. The company said sales in the quarter fell 8 percent, year over year, to $3.38 billion, with profit per share of 43 cents. That was more or less in line with the company’s midquarter update back on Sept. 9, but below analysts’ expectations for $3.4 billion and 44 cents.

The outlook for the current, December-ending quarter is grim indeed. The company forecast sales in a range of $2.83 billion to $3.07 billion, and profit per share of 30 cents and 36 cents; analysts have been expecting profit of 43 cents on sales of $3.34 billion.

TI chairman, president and chief executive Rich Templeton commented, “In anticipation of declining demand, we reduced our own inventory aggressively in the third quarter, which brought factory utilization down and put additional pressure on our profitability.”

Read the rest of this post

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »