The Dallas-based company said on Tuesday that it now expects revenue of between $2.39 billion and $2.49 billion for the third quarter, putting estimates at the high end of its previous forecast of $2.29 billion to $2.49 billion. The company also said it expects earnings to be roughly the same as earlier forecasts despite the inclusion of a $23 million acquisition-related charge that was not anticipated in the company's earlier outlook.
TI said it expects per-share earnings of between 22 cents and 23 cents, including that charge. The news follows earlier comments on Tuesday from leading cell phone maker Nokia that stronger demand could result in higher quarterly profits for that company.
On Monday, Research In Motionfor the current quarter, and Intel has also .
Dell Computer CEO Michael Dell said Monday that the second half of the year is likely to bring modest improvements in technology spending.
"What happens in the second half is likely to continue to be moderate growth," Dell said during awith reporters at OracleWorld on Monday.