Talk about having your thunder stolen! Reporting earnings at the same time as Apple is like playing the second stage at Lollapalooza as the Chili Peppers take the main stage. Supposedly, crickets could be heard on the Texas Instruments (TXN) conference call along with the quiet yearning of the second string sell-side analysts who wished they were listening to Steve Jobs.
Anyway, in case you missed it (you probably did), TI beat The Street by 3 cents last night and gave guidance of .42 to .50 cents a share for Q4 versus expectations of .40 cents. Revenue guidance was above consensus as well and the company was hoping that people would be excited about their chip being in the new Motorola Droid phone.
But alas, there was another tech earnings report last night you may have heard about…
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