RICHARDSON, Texas-Texas Instruments Inc. said it is pulling out of its slump even as its chief executive officer defended the company’s decision to offer stock options of up to 14 percent of its outstanding shares.
With a 23-percent sales growth between the first quarters of last year and this year, the company believes it is in a better position than rivals Intel Corp., Analog Devices and STMicroelectronics.
CEO Thomas Engibous said the stock options will attract professionals, stressing that the company is a not alone in that course of action.
