Texas Instruments upbeat

Texas Instruments narrowly beats market estimates, and the CEO believes that "shallow downturn" in its business (October 2010-December 2010) is "mostly complete":

Then, in October, the company warned that the market was weakening, and that its outlook for this year was cautious. Demand for chips for laptop computers, hard disk drives and televisions started to look poor, while chips for video games and smart phones stayed in strong demand.

But on Monday, CEO Rich Templeton said the fall's downturn now looks "mostly complete." The company used it to replenish its inventories and return product lead-times to normal, he said.

Texas instruments market capitalization is 41 Billion and the company has almost 12,000 employees in Texas.