Texas Instruments (TXN) 24.70 -0.59 (-1.3%)
After issuing downside guidance for Q4 (Dec) Oct 18, semiconductor company narrows its EPS and sales outlook to $0.25-0.27 and $3.02-3.14 bln, respectively; The Reuters Estimates consensus figures stand at $0.26 and $3.11 bln; On its call, the company said that the inventory correction that began in Q3 has continued; Not many other details were given; Stock is slightly lower tonight as most traders expected TXN to raise its numbers as Intel did last week; TXN has also rallied 32% since Sept
Pixar Animation (PIXR) 87.60 -3.46 (-3.8%)
Animation studio, along with Walt Disney, announces the delay of the last movie of the companies' current agreement; Cars has been bumped back 7 months until June 2006; This decision will affect 4Q05, 1Q06, and 2Q06 analyst estimates as all of the studio's releases have been blockbusters; Disney said it was changing the release date to fit with Cars's niche as a 'quintessential summer film'
Seagate Tech (STX) 18.32 +1.86 (+11.3%)
Maker of computer hard drives boosts its Q2 (Dec) outlook for the second time; Now sees EPS and sales of $0.22 and $1.76 bln, respectively; Management credits strong seasonal demand, product launches, and customer adoption; Company also said that price erosion in its core markets has been less than expected; STX is in the process of digging itself out of the hole it created after warning for 3Q04 (Mar) three consecutive times; Competitors MXO and WDC have traded 4% higher tonight off the news
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