Texas Instruments CFO surprised by visibility of peers' guidance
During the Goldman Sachs Technology and Internet conference, Texas Instruments CFO Rafael Lizardi said, in response to a question about some peers guiding Q2 up sequentially and asking for comments about Texas Instruments' bookings, "So we didn't comment on that. And we don't comment on the current quarter, we just talk to the quarter that ended and that's been our practice, and it continues to be. We of course provided a range and a midpoint for the subsequent quarter. The information we get from our customers is relatively short term. We have 65% of our revenues on consignment. So we get pretty good visibility at one point ahead on our supplying chain. But beyond that no one has that level of visibility. So it is surprising to hear some of our competitors are making those things up. I think the key point that I mentioned earlier and they build on is that we prefer whatever - we prefer to handle whatever comes to us. So we have lowered our operating plan so that we could handle if things get worse, if they get better they stay the same."