Home » Bear Case Scenario » The Bear Case for Texas Instruments $TXN, $TSM, $BRCM, $ARMH

The Bear Case for Texas Instruments $TXN, $TSM, $BRCM, $ARMH

Texas Instruments (NASDAQ:TXN) is about to report earnings. When you follow management comments please consider this bear case scenario. Texas Instrument paid a very fancy premium for National Semiconductor, an analog chipmaker with below-average revenue growth in recent years. The acquisition and that price should have proven itself by now. It clearly has not. They overpaid for analog. Poor management thinking that was too close to the situation. TI faces intense competition from customers such as Apple and Samsung and competitors such as Qualcomm. they do not have a strong plan B

George Gutowski writes from a caveat emptor perspective.