DALLAS-Texas Instruments Inc. announced it increased its earnings in the fourth quarter,
bouncing back from a loss in the same period a year ago.
The company reported fourth-quarter earnings of $189
million, or 48 cents per share, compared with a loss of $285 million, or 73 cents per share, reported at the same time in
1997.
Texas Instruments noted that its 1998 results included a charge of $72 million, primarily due to the closing of
a venture with Samsung Electronica in Portugal and the sale of a plant in Aversa, Italy.
Revenues for the fourth
quarter were $1.99 billion, down from $2.43 billion reported for fourth quarter 1997.
