TI Profit Inches Higher, but Japan Weighs on Results

Texas Instruments Inc. provided more evidence of the financial fallout from the earthquake in Japan, which hurt the chip maker’s first-quarter results and is expected to hold down growth in the current period as well.

The Dallas-based company had already issued warnings about the impact on its two factories in the quake zone. In reporting first-quarter results Monday, TI put costs associated with the disaster at $30 million, which reduced earnings per share for the period ended in March by about two cents. In addition, the company suffered about $20 million in lost sales, said Ron Slaymaker, TI’s vice president of investor relations.

Read the rest of this post on the original site »

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 »