TI's

TI's shares were off 12 cents at $34.11 at 4 p.m., and slid in after-hours trading to $33.75.

Texas Instruments Buys Age-Old Rival Don Clark 2011

Rich Templeton , TI's CEO, estimated that his company has 30,000 individual products and typically adds about 500 new ones a year.

Texas Instruments Buys Age-Old Rival Don Clark 2011

TI's applications processor is gaining strong traction in smartphones and tablets, he said.

Texas Instruments Warns of Weaker Demand Shara Tibken 2011

He estimated the return on investment from the deal would exceed TI's cost of capital to complete it within three to five years.

Texas Instruments Buys Age-Old Rival Don Clark 2011

"The weakness is really pretty broad-based," Ron Slaymaker, TI's vice president of investor relations, said during a call with analysts.

Texas Instruments Warns of Weaker Demand Shara Tibken 2011

Mr. Slaymaker said TI's per-share earnings are being hurt more than revenue partly because of an unfavorable mix of products sold.

Texas Instruments Warns of Weaker Demand Shara Tibken 2011

At the midpoint of TI's guidance, sales are down about 2% sequentially with contributions from National Semiconductor's revenue.

TI Profit Falls as Demand Slumps Shara Tibken 2011

Rich Templeton, chairman for the technology company, said "TI's continuing transformation to a company focused on analog and embedded processing delivered new highs for both gross and operating margins."

Texas Instruments Dips Into The Chips Party, Earnings Top Expectations Agustino Fontevecchia 2010

Bernstein analyst Stacy Rasgon said weakness in the third and fourth quarters was broadly expected, with macroeconomic softness weighing on TI's business.

TI Profit Falls as Demand Slumps Shara Tibken 2011

Mr. Templeton said National would be operated largely as the fourth major unit inside TI's analog chip business.

Texas Instruments Buys Age-Old Rival Don Clark 2011