Monday, June 11, 2007

TI lowers rev outlook as calculators miss target

(Reuters) - It reduced its estimate for sales from its calculator unit to a range of $160 million to $170 million, from its earlier target of $180 million to $200 million.




Shares of TI fell to $34.96 in extended trade after the news as some investors had expected an improved outlook. The stock had closed at $35.79 on the New York Stock Exchange on Monday.


Read more at Reuters.com Market News

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