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Texas Instruments: Morning Tech Bytes

Despite solid quarterly earnings reports, Texas Instruments was falling in pre-market trading.
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NEW YORK (TheStreet) -- Shares of Texas Instruments (TXN) - Get Texas Instruments Incorporated Report declined slightly in pre-market trading Tuesday morning after the company gave a disappointing fourth quarter outlook Monday, while Amazon (AMZN) - Get, Inc. Report was also down, despite record sales of its Kindle device.

Texas Instruments topped Wall Street's estimates for its third quarter, despite a slowdown in consumer demand for its products. The chipmaker posted revenue of $3.74 billion, up from $2.88 billion in the same period last year. Texas Instruments earned an adjusted profit of 71 cents a share this quarter, up from 42 cents a share, and ahead of analysts' estimates of 69 cents a share.

Texas Instruments CEO Rich Templeton, however, said that the company

expects lower revenue next quarter.

Shares declined 1.31% to $28.60 in premarket trading.

Sales of Amazon's Kindle during the first 24 days of October have already exceeded those bought during October, November and December of last year, the company announced Monday, although Amazon declined to say the exact number of e-readers that have been sold.

Amazon shares declined 0.59% to $168.00 in premarket trading.


(GOOG) - Get Alphabet Inc. Class C Report

promoted advertising executive Susan Wojcicki to senior vice president, the company announced Monday. Wojcicki, who was Google's 18th employee, will continue her role overseeing all advertising related businesses, including AdWords, AdSense and DoubleClick. Wojcicki's promotion comes two weeks after the promotion of Marissa Mayer to serve as head of location and local services.

Google stock was down 0.35% to $614.36 in premarket trading.


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, a software provider that helps companies to analyze large amounts of data, announced Tuesday it had raised $25 million in its third funding round. The round will be lead by Meritech Capital Partners, and includes existing investors Accel Partners and Greylock Partners.

The Palo Alto, California-based company has raised $36 million in total. It distributes a popular form of open-source software known as Apache Hadoop.

Gilt Groupe

, the popular flash sales site, announced Tuesday it had acquired San Francisco-based local deals site


. The transaction will allow Gilt to expand its Gilt City offerings, which provides deals at high end restaurants and spas in local markets, including Boston, Chicago, San Francisco, Miami and Los Angeles. The acquisition is Gilt Groupe's first.

--Written by Olivia Oran in New York.

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