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

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.