Wednesday, March 16, 2011

Japan takes toll on U.S. tech companies

http://money.cnn.com/2011/03/15/technology/japan_us_tech/index.htm

Interesting article of the international effect on tech firms.

NEW YORK (CNNMoney) -- The impact of the massive earthquake that struck just off the coast of Japan last week has been felt as far away as Texas.

Dallas-based Texas Instruments (TXN, Fortune 500) said late Monday that it had suffered "substantial damage" to its production plant in Miho, Japan and slight damage to its Aizu-wakamatsu plant. Both facilities are located north of Tokyo in the areas most affected by the disaster.

Shares of TI fell 2% on Tuesday.

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