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Over-optimism about 3G sales could cost Texas Instruments dear
by Guy J Kewney | posted on 12 October 2006
Financial analysts have been predicting strong year-end figures from mobile phone stalwart, Texas Instruments. Their hopes may be unjustified, says American Technology Research.
American Technology Research analyst Doug Freedman is quoted in EE Times:
The report expects Texas Instruments to fall short of the $15 billion revenue target currently projected by many analysts for 2007. American Technology projects Texas Instruments to earn $1.77 per share in 2007, below consensus analysts' estimates of $1.90 per share.
One reason for the pessimistic outlook is pressure on handset IC margins, as a result of the slower-than-predicted ramp-up of 3G technologies as 2G and 2.5G demand remains strong.
Freedman says he bases his prediction of future phone handset demand on current orders for 2G and 2.5G phone masts. Full summary at EE Times
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