TI Profit Up on Cellular, TV Chip Sales
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Texas Instruments Inc. , the largest maker of chips for cellular phones, on Monday said quarterly profit rose about 26 percent on demand from handset makers even as it struggles with a nagging inventory problem.
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AT&T Inc  on Thursday posted a higher quarterly profit as strength in its wireless business offset weakness in traditional consumer services.
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Chip-maker Texas Instruments Inc. has ridden the wireless wave since the dawn of the cellular age, with its sales and profits growing along with the popularity of games, cameras and other fancy mobile phone features that require more computing horsepower.
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AT&T Inc.  on Tuesday posted higher-than-expected quarterly profit on strong wireless subscriber growth, but results of the first two days of iPhone sales fell short of forecasts.
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Driven by demand for flash memory chips used in cell phones, Intel's profits rose as it struggled to overcome weak PC sales, growing inventory, product missteps and stiff competition.
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Despite a dip in profits, growing revenues from wireless subscribers pushed overall profits above forecasts.
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Texas Instruments Inc posted a 10 percent rise in quarterly profit on Monday, but gave a disappointing revenue forecast due to the loss of some business at customer Ericsson, sending its shares down as much as 4 percent.
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The South Korean consumer electronics and appliances company swung to a profit on strong sales of appliances and premium mobile phones.
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Tyco Electronics Ltd , a maker of connectors and other components used in cars, airplanes and industry, reported a higher quarterly profit on Wednesday, boosted by a tax benefit and strong demand from telecommunications customers.
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Texas Instruments Inc., the world's largest maker of chips used in cellular phones, expects third-quarter earnings to come in on the higher end of a range it had previously forecast.
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Top U.S. phone company AT&T Inc.  on Tuesday said its profit and revenue rose, helped by strong growth in its wireless business and its acquisition of BellSouth.
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Qualcomm Inc. Friday raised its earnings and revenue forecasts for the current quarter, based on higher shipments of its cell-phone chips.
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German phone giant Deutsche Telekom AG said Thursday its third-quarter net profit jumped to 1.39 billion euros (&#36;1.73 billion) amid growth at its wireless and Internet businesses, and raised its full-year forecast.
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Samsung Electronics Co. Ltd.'s  005930.KS quarterly profit jumped 46 percent from a year ago  on strong memory chip earnings, but fell from the previous  quarter on sinking prices of flat screens for TV and computers.
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Nextel Communications Inc. NXTL.O,  the sixth largest U.S. mobile provider, on Friday said its  quarterly profit rose on strong subscriber growth, including  better-than-expected sales to young customers.
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Nextel Communications Inc., the sixth  largest U.S. mobile company, on Friday said its third-quarter  profit rose amid strong customer growth and it raised its  earnings forecast for the full year.
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Qualcomm Inc. on Friday raised its  quarterly profit forecast due to strong demand for its mobile  phone technology.