Texas Instruments Reports Loss in 4th Quarter, Year
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Texas Instruments, the beleaguered Dallas-based maker of semiconductors and electronic equipment, posted a fourth-quarter loss of $41.2 million--its third consecutive quarterly loss--and a year-end loss of $118.7 million.
The quarterly loss, on revenue that was down 20% to $1.2 billion, compares to a profit of $64.6 million in the year-ago quarter.
Revenue for the entire year dropped 14% to $4.9 billion. The annual loss compares to a profit in 1984 of $316 million.
The company attributed the losses to the downturn in orders for semiconductors and slower sales of computers.
For detailed data and results of other companies, please see tables, Page 2.
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