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| TXN > SEC Filings for TXN > Form 8-K on 20-Jul-2009 | All Recent SEC Filings |
20-Jul-2009
Results of Operations and Financial Condition
The Registrant's news release dated July 20, 2009, regarding its second quarter 2009 results of operations and financial condition is attached hereto as Exhibit 99 and is incorporated by reference herein.
ITEM 9.01. Exhibits
Designation
of Exhibit
in this
Report Description of Exhibit
99 Registrant's News Release
Dated July 20, 2009 (furnished pursuant to Item 2.02)
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This report includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this report that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or its management:
º Market demand for semiconductors, particularly in key markets such as
communications, entertainment electronics and computing;
º TI's ability to maintain or improve profit margins, including its ability
to utilize its manufacturing facilities at sufficient levels to cover its
fixed operating costs, in an intensely competitive and cyclical industry;
º TI's ability to develop, manufacture and market innovative products in a
rapidly changing technological environment;
º TI's ability to compete in products and prices in an intensely competitive
industry;
º TI's ability to maintain and enforce a strong intellectual property
portfolio and obtain needed licenses from third parties;
º Expiration of license agreements between TI and its patent licensees, and
market conditions reducing royalty payments to TI;
º Economic, social and political conditions in the countries in which TI, its
customers or its suppliers operate, including security risks, health
conditions, possible disruptions in transportation networks and
fluctuations in foreign currency exchange rates;
º Natural events such as severe weather and earthquakes in the locations in
which TI, its customers or its suppliers operate;
º Availability and cost of raw materials, utilities, manufacturing equipment,
third-party manufacturing services and manufacturing technology;
º Changes in the tax rate applicable to TI as the result of changes in tax
law, the jurisdictions in which profits are determined to be earned and
taxed, the outcome of tax audits and the ability to realize deferred tax
assets;
º Losses or curtailments of purchases from key customers and the timing and
amount of distributor and other customer inventory adjustments;
º Customer demand that differs from our forecasts;
º The financial impact of inadequate or excess TI inventory that results from
demand that differs from projections;
º The ability of TI and its customers and suppliers to access their bank
accounts and lines of credit or otherwise access the capital markets;
º Product liability or warranty claims, claims based on epidemic or delivery
failure or recalls by TI customers for a product containing a TI part;
º TI's ability to recruit and retain skilled personnel; and
º Timely implementation of new manufacturing technologies, installation of
manufacturing equipment and the ability to obtain needed third-party
foundry and assembly/test subcontract services.
For a more detailed discussion of these factors, see Item 1A, "Risk Factors" in the Company's most recently filed Form 10-K. The forward-looking statements included in this report on Form 8-K are made only as of the date of this report, and the Company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.
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