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In a scheduled update to its business outlook for the third quarter of 2006, Texas Instruments Incorporated (TI) (NYSE: TXN) revised its expected ranges for revenue and earnings per share (EPS).The company’s expectations for revenue from continuing operations are:
--Total revenue between $3.71 billion and $3.87 billion, compared with the prior range of $3.63 billion to $3.95 billion;
--Semiconductor revenue between $3.53 billion and $3.67 billion, compared with the prior range of $3.45 billion to $3.75 billion; and
--Educational & Productivity Solutions revenue between $180 million and $200 million, unchanged from the prior estimate.
TI expects EPS from continuing operations between $0.44 and $0.46, compared with the previous range of $0.42 to $0.48.
The company will hold a conference call at 4 p.m. CDT today to discuss this update. This conference call will be available live at www.ti.com TI’s original third-quarter outlook was published in the company’s second-quarter 2006 earnings release on July 24, available at www.ti.com TI’s third quarter ends on September 30.
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