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Texas Instruments cuts quarterly outlook
Chips firm cites weak demand from a customer, believed to be Nokia

June 8, 2011, 5:43 p.m. EDT

Texas Instruments cuts quarterly outlook - MarketWatch

By John Letzing, MarketWatch

SAN FRANCISCO (MarketWatch) Shares of Texas Instruments Inc. fell nearly 5% before mostly recovering in late trading on Wednesday, after the semiconductor firm cut its outlook for both revenue and earnings in the second quarter citing weak demand from a single customer.