Monday, July 24, 2006

Texas Instruments Profit Jumps

DALLAS (AP) -- Semiconductor maker Texas Instruments Inc. said Monday that second-quarter operating profit rose on strong sales of components for mobile phones and electronic devices.

Including one-time items and proceeds from businesses it has sold, TI had net icome of $2.39 billion, or $1.50 per share in the April-June period, up from $628 million, or 38 cents per share a year earlier.

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