Texas Instruments (TXN) reported third quarter results that beat the Zacks Consensus Estimate by 3 cents. Revenue beat the consensus by 2.1%. Revenue Revenue of $2.88 billion was up 17.2% sequentially, the second straight quarter of 17%+ growth. However, revenue declined 15.0% on a year-over-year basis, the fourth consecutive quarter of double digit decline. Then again, the rate of decline slowed somewhat, indicating that the company is coming out of the recession. The sequential increase was driven by normalization in the market, as customers stopped reducing inventory and started increasing production.   Segment Revenue   All four segments contributed to the revenue surprise. The Analog business increased 20.4%, Embedded Processing was up 12.3%, Wireless 12.3% and Other 20.1%. The three major businesses within Analog, high volume analog and logic (HVAL), power management and high-performance analog all contributed to the increase. ...

O2Micro International Ltd. (OIIM) now expects better second-quarter sales than it had previously thought, which has sent shares of the company higher by 8% today.

< ?DART(15);?> That's more than enough for the company to make the Zacks #1 Rank Top Performers List on a tough day that sees the Dow and NASDAQ each down by more than 2%.

OIIM develops and markets innovative power management and security components for the computer, consumer, industrial and communications markets. Its products include intelligent lighting, battery management, power management and SmartCardBus(R) products. It has almost 12,000 patent claims granted, and more than 14,000 more pending.

Q2 Sales Expected to Rise 47% Sequentially

OIIM now anticipates second-quarter revenue of $34 million. Previously, it was expecting between $26.6 million and $28.9 million.

The company said the new guidance reflects resilient demand in the LCD TV market, the continued

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