Jefferies Raises Estimates, Price Target on TI (TXN) After Latest Jobs Cuts
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TI (TXN) to Cut 1,700 Jobs, to Focus More on Wireless Business
November 14, 2012 4:32 PM ESTConsistent with previously stated strategic plans, Texas Instruments (TI) (NASDAQ: TXN) announced today it will reduce costs and focus investments in its Wireless business on embedded markets with greater potential for sustainable growth. Cost reductions include the elimination of about 1,700 jobs worldwide.
TI previously outlined intentions to focus its OMAP processors and... More
