UPDATE 3-Texas Instruments narrows 2nd-qtr outlook
ju4 wa4i dia4n zo1ng he2 ba4o da4o :\n  (Adds background details and additional company comment)\nSAN FRANCISCO, June 9 (Reuters) - Texas Instruments Inc\n<TXN.N> on Monday narrowed its quarterly earnings and revenue\ntarget range as improving demand for chips used in high-speed\nwireless phones was offset by weakness in demand for chips used\nin lower-end phones.\nTI, which makes chips for everything from cell phones to\nindustrial equipment, narrowed its second-quarter earnings per\nshare forecast to 43 cents to 47 cents from an earlier target\ngiven in April, which had disappointed investors, for earnings\nof 42 cents to 48 cents per share.\nIt tweaked its revenue target range for the quarter to\n$3.33 billion to $3.46 billion from an earlier $3.24 billion to\n$3.5 billion, issued when TI was seeing weak demand for chips\nfor third-generation (3G) phones with faster Web links.\nThe company, whose biggest client is handset leader Nokia\n<NOK1V.HE>, said on Monday that while 3G chip demand was\nimproving from very weak first-quarter levels, the increase was\nnot enough to offset worsening demand for cheaper phones.\nTI's head of investor relations, Ron Slaymaker, said in a\nbrief conference call with analysts it was not clear whether\ndemand trends related to specific customers or to general\nmarket conditions.\n"There are a couple of areas where we are seeing weakness,\none of which is wireless handset revenue, which continues to be\nunseasonably weak and we would expect that it's probably going\nto be down a little bit from the first-quarter level,"\nSlaymaker said. "Another area (of weakness) would be\nprocessors, which are running weak for the quarter."\nAt the same time, TI is seeing growth in its analog chip\nbusiness, which Slaymaker said would grow both sequentially and\nyear over year. Certain types of digital signal processors and\nmicrocontrollers also are seeing similar growth.\nShares of the company declined less than 1 percent in\nextended trade on Monday to $31.15. In regular trade, they\nadded 9 cents to $31.33 on the New York Stock Exchange.\nBefore the mid-quarter update, analysts had, on average,\nexpected net earnings of 46 cents per share on revenue of $3.38\nbillion, according to Reuters Estimates.\nOn April 21, the company had said its guidance for the\ncurrent second quarter was due to customer caution across the\nboard and had also noted that 3G growth was slower.\nThe Dallas-based company said on Monday it expected\nsemiconductor revenue in the quarter of $3.17 billion to $3.28\nbillion, compared with the previous forecast of $3.08 billion\nto $3.32 billion.\nShares of TI, which earns about 35 percent of its revenue\nfrom phone chips and about 40 percent from analog chips used in\nmany electronics products, have rebounded since April as\ninvestors had bet that analog demand was holding up.\n(Reporting by Duncan Martell, with additional reporting by\nSinead Carew in New York; Editing by Richard Chang and Braden\nReddall)\n((duncan.martell@thomsonreuters.com; Tel 1 415 677-2536))\nKeywords: TEXASINSTRUMENTS/