Texas Instruments Inc. (Nasdaq: TXN), the No. 2 U.S. chipmaker, said it will trim 1,700 jobs at its global semiconductor plants as it reduces its focus on OMAP chips for smartphones and tablets.
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No doubt when Sprint-Nextel Corp. (NYSE: S), the No. 3 U.S. telecommunications company, reports third-quarter results Thursday, it will report another loss. After all, it hasn’t reported a profitable quarter since 2010.
When Yahoo (Nasdaq: YHOO), the No. 3 search engine, reports third-quarter results late Monday, investors may be looking more for clues to new CEO Marissa Mayer’s strategy than the expected modest boost in earnings.
After plunging more than 10 percent Thursday, when Google (Nasdaq: GOOG), the No. 1 search engine, announced poor third-quarter results prematurely, its shares rebounded at the Friday opening, gaining $2.32, to $697.44.
