Texas I

10 JUL 00:10 AFX *TEXAS INSTRUMENTS DOESN'T PLAN TO SELL REMAINING SHARES
10 JUL 00:09 AFX *TEXAS INSTRUMENTS TO CONTINUE TO HOLD 32.3M MICRON SHRS
10 JUL 00:09 AFX *TEXAS INSTRUMENTS SEES $230M INCREASE TO Q3 NET INCOME
10 JUL 00:08 AFX *TEXAS INSTRUMENTS TO RECOGNIZE $1.06M PRE-TAX GAIN
10 JUL 00:08 AFX *TEXAS INSTRUMENTS SELL 24.7 MLN SHARES OF MICRON TECH

Texas Instruments sells 24.7 mln shares of Micron 10.07.2003 00:22    Headlines


   SAN FRANCISCO (AFX) -- Texas Instruments  sold 24.7 million shares of Micron
Technology  common stock on Wednesday. TI said it will recognize a pre-tax gain
of $106 million from the sale, which will be recorded in its third-quarter
results. The company also said it will recognize a previously reserved tax
benefit of $162 million in the third quarter, which is attributable to the
realization of a tax-loss carryback due to the sale. The combined effect will be
an increase of $230 million to Texas Instruments' net income for the third
quarter. Before Wednesday's stock sale, Texas Instruments held 57 million shares
of Micron common stock. TI said it has no specific plans to sell the remaining
shares at the current time and has agreed as part of the sale not to sell any
Micron shares for a 90-day period. Texas Instruments stock added 42 cents
Wednesday to close at $19.49. Micron shares gained 40 cents to end at $14.40.
This story was supplied by CBSMarketWatch. For further information see
www.cbsmarketwatch.com.