Jonathan Custer

Texas Instruments Y/Y Revenues Down 10%, “Markets Stabilizing”

January 22, 2020 by Jonathan Custer

Texas Instruments (TXN) reported Q4 2019 earnings after the market close with revenues coming in at $3.35 billion, net income of $1.07 billion and earnings per share of $1.12. The earnings release beat expectations but the stock is 1 percent lower in after-hours on punk guidance. TI’s chairman, president and CEO, made the following comments: …

Tentative & Sluggish Economic Recovery – IMF WEO

January 21, 2020 by Jonathan Custer

The International Monetary Fund (IMF) updated its World Economic Outlook (WEO) yesterday. The money quotes follow: Global Growth There are now tentative signs that global growth may be stabilizing, though at subdued levels. Some risks have partially receded with the announcement of a US-China Phase I trade deal and a lower likelihood of a no-deal …

Samsung To Pay Large New Year Bonuses To Subcontractors

January 21, 2020 by Jonathan Custer

The Korean Herald reports, Samsung Electronics plans to give its chipmaking subcontractors the biggest bonus since 2010 — for their performance last year. The semiconductor division pays a total of 41.74 billion won ($35.8 million) to around 20,000 employees of primary and secondary contractors. “Despite the difficult market conditions last year, the company is sharing …