February 28, 2001 |
Texas Instruments Inc., whose chips power two-thirds of the world's cell phones, paid Chairman Tom Engibous $2.91 million in 2000, a 17.6% drop from 1999, as the company faces slowing sales from some of its biggest customers. Engibous, 48, was paid $796,200 in salary, a 6.9% increase, according to a proxy statement filed with the U.S. Securities and Exchange Commission. He received a $1.
February 27, 2001 |
Texas Instruments Inc. warned Monday that the economic slowdown would cause earnings to fall more than expected and said it will cut costs through voluntary retirements, a hiring freeze and temporary plant shutdowns. Dallas-based TI said it now expects first-quarter revenue to fall 20% below fourth-quarter levels, instead of its previously projected 10% decline. Analysts surveyed by First Call/Thomson Financial had put the company's first-quarter earnings at 20 cents a share.
June 22, 2000 |
Texas Instruments Inc., the leading maker of semiconductors for cellular phones, said Wednesday it plans to acquire Tucson-based chip maker Burr-Brown Corp. for $7.6 billion in stock. Burr-Brown designs microchips that convert real-world sounds into the digital form computers can use and back again.
February 23, 2000 |
Texas Instruments Inc. unveiled two new chips that will make Internet access faster and let mobile phones run for weeks without recharging. The news pushed the company's shares up $15, or 11%, to close at $149 on the New York Stock Exchange. One of the new digital signal processors is about 10 times faster than the company's current DSPs. It will let Texas Instruments customers develop phones that can retrieve video from the Net.
October 5, 1999 |
Texas Instruments Inc., the world's largest maker of semiconductors for cellular telephones, agreed to buy Power Trends for about $145 million in stock, seeking to expand its offerings in the power management products market. Power Trends, a closely held company based in Warrenville, Ill., will be acquired in exchange for about 1.68-million shares of Texas Instruments, valuing the transaction at about $145 million, based on TI's Friday closing price of $86.03.
June 3, 1999 |
Texas Instruments Inc., the leading maker of semiconductors used in cellular phones, said it agreed to buy communications software company Telogy Networks Inc. for $455 million in stock to gain customers in the surging market for sending voice and data over the Internet. TI will pay 4.1 million shares for closely held Telogy, which is backed by such companies as Motorola Inc. and Ameritech Corp.
December 29, 1998 |
Semiconductor maker Texas Instruments Inc., unsated with diversification and especially weary of the boom-and-bust cycles of selling basic memory chips, is now gambling most of its future on just one group of leading-edge data-processing chips. And investors are loving it. Texas Instruments' stock has soared in recent weeks amid the company's new focus on "digital-signal processing" chips, a $3.3-billion business that the Dallas-based company currently dominates, with about 45% of the market.
November 11, 1998 |
Texas Instruments Inc.'s storage products group, which is based in Tustin, has acquired the high-end technology solutions operation of Milpitas-based Adaptec Inc. Terms were not disclosed. The deal will give Texas Instruments more expertise in fiber-channel interfaces. The company said 35 positions at Adaptec will be transferred to Tustin.