Texas Instruments Looking Less Conservative (TXN, BRCM, QCOM, MRVL)

Investing

Published: June 8, 2009 3:40 pm

Last Updated: April 28, 2020 5:54 am

DRAM Image Texas Instruments Inc. (NYSE: TXN) has just given its second quarter update, one of the first seen by major chip companies. The chip giant sees $2.3 billion to $2.5 billion in revenues, above a prior range of $1.95 billion to $2.40 billion. The company also gave earnings guidance of $0.14 to $0.22, above its earlier range of $0.01 to $0.15 EPS. While many were hoping for good news, this boosted shares of the whole sector.

Shares closed up 0.46% at $19.77 in normal trading and shares are trading up at $20.35 after the news in the after-hours session. Its 52-week trading range is $13.38 to $32.47.

Broadcom Corp. (NASDAQ: BRCM) closed up 1.4% at $25.82, and shares are up another 1% at $26.08 in the after-hours session.

Marvell Technology Group Ltd. (NASDAQ: MRVL) closed down 1.4% at $11.21 today, and shares have not reacted. QUALCOMM Inc. (NASDAQ: QCOM) closed down 0.07% at $45.37 today, and its shares are flat in after-hours trading.

Jon C. Ogg
June 8, 2009

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.