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Short Take: TI comfortable with guidance

Tom Engibous, chief executive of Texas Instruments, said Tuesday he remains comfortable with the company's previous guidance that fourth-quarter sales will be roughly the same as those in the third quarter. TI's chip sales are expected to be up slightly this quarter from last, partly because of strong demand for chips for cable modem and digital subscriber lines. Combined, that business should generate $100 million in revenue this year and several times that level next year, Engibous said in a speech at the Credit Suisse First Boston technology conference in Scottsdale, Ariz.

Tom Engibous, chief executive of Texas Instruments, said Tuesday he remains comfortable with the company's previous guidance that fourth-quarter sales will be roughly the same as those in the third quarter. TI's chip sales are expected to be up slightly this quarter from last, partly because of strong demand for chips for cable modem and digital subscriber lines. Combined, that business should generate $100 million in revenue this year and several times that level next year, Engibous said in a speech at the Credit Suisse First Boston technology conference in Scottsdale, Ariz.