TI profit, revenue tumble on shrinking demand (Update)

(AP) -- Texas Instruments Inc. said Monday that first-quarter profit and revenue tumbled as competition heightened and demand for its chips shrank amid the recession, but the results still beat the company's own expectations as well as Wall Street's.

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<p><a href="http://www.physorg.com/news159468921.html">TI profit, revenue tumble on shrinking demand (Update)</a></p> <p>(AP) -- Texas Instruments Inc. said Monday that first-quarter profit and revenue tumbled as competition heightened and demand for its chips shrank amid the recession, but the results still beat the company's own expectations as well as Wall Street's.</p>