DALLAS-Texas Instruments Inc. suffered a fourth-quarter loss of $589 million, or 34 cents a share, on revenue of $2.1 billion. This contrasts with a $116 million loss, or seven cents a share, last year.
However, the company’s shares rose because of TI’s sales leap to 20 percent.
“Even though the holiday season when viewed from a broad economic perspective was poor, the products that mattered for TI sold well, like wireless handsets, digital consumer products and notebooks,” said chief financial officer Bill Aylesworth.
TI wrote off an investment in Micron Technology, although it still holds 57 million shares.
