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Texas Instruments Says OMAP Isn't For Sale

Financial News Network
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August 19, 2011 AT 3:24 AM
Texas Instruments (NYSE:TXN) says its OMAP multimedia applications processor line is not for sale, though it is aware of speculation in the press about the potential sale of business.Rumored suitors for OMAP have included Broadcom (NASDAQ:BRCM), AMD (NYSE:AMD), and Intel (NASDAQ:INTC).Texas Instruments (NYSE:TXN) has a potential upside of 31.2% based on a current price of $26.93 and an average consensus analyst price target of $35.34.