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COPYRIGHT 2001 The Dallas Morning News
Byline: Leah Beth Ward and Steve Quinn
Feb. 27--Texas Instruments Inc.'s announcement Monday that it has frozen hiring and offered early retirement to 2,600 employees reflects both the larger economic slowdown and bottlenecks in the supply chain for cellular handsets.
Analysts say it was bound to happen: that the pain felt by many of TI's customers in recent weeks would trickle down to chips for cellular phones.
What pinches the cellular phone companies, such as Ericsson Inc. and Nokia Oyj, or computer server makers such as Sun Microsystems Inc., ends up biting the raw material suppliers such as TI.
In advance of an analysts conference to convene here Tuesday, TI said first-quarter sales will fall by 20 percent, not the 10 percent the company predicted in January.
If history is any...
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