Texas Instruments earnings beats expectations but stock flat

More and more smartphones these days are beginning to ship with Texas Instruments’ processors these days but this may just be the beginning for the company in the mobile space. TI (TXN) announced its quarterly earnings today and beat expectations, even though the guidance given in the earnings call wasn’t as promising.
The company faces some stiff competition in the mobile spaces and will do battle with NVIDIA’s popular Tegra 2 dual-core CPU, the Exonys CPU found in Samsung’s Galaxy S 2, Qualcomm’s Snapdragon, and likely Apple’s A5 when the iPhone 5 finally lands. This isn’t to say the TI doesn’t stand a chance, as its multi-core processors are expected to be found in Motorola’s Droid Bionic... »read more

More at: IntoMobile Add additional source