Merrill: Texas Instruments Faces Wireless Woes

Analyst Joe Osha cut revenue and earnings estimates on the semiconductor outfit, noting a maturing cell phone industry

As the wireless industry matures and fewer people buy new cell phones, will Texas Instruments (TXN) feel the pinch? Merrill Lynch thinks so. The Dallas semiconductor company earns much of its revenue from customers in the wireless business.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.