Texas Instruments (TXN) - Get Report was down 6.6% in midmorning trading. After the close Monday, the chipmaker posted fourth-quarter earnings of 31 cents, missing the First Call/Thomson Financial estimate of 33 cents.

Texas Instruments also warned that first-quarter earnings would be lower.

Goldman Sachs

lowered its 2001 EPS forecast to $1 from $1.55.

SG Cowen

reiterated its buy rating. Other chip stocks were mixed. The

Philadelphia Semiconductor Index

was down 0.6%.