Texas Instruments Drops 3.8% on Warning
Texas Instruments
(TXN) - Get Texas Instruments Incorporated Report
was down 3.8% in preopen
Instinet
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trading after announcing that first-quarter revenue would be about 20% below the fourth-quarter level.
The new warning comes about a month after the chipmaker last lowered sales guidance, saying revenue would be 10% below the fourth-quarter figure.
