Texas Instruments (TXN) recently launched its BAII Plus application at app stores. The application has the ability to promptly solve equations, as well as problems related to accrued interest, amortization, cost-sell-margin, depreciation and time-value-of-money (including annuities, mortgages, leases and savings).
The application has all features originally available on the company’s popular BAII Plus calculator model and is targeted at business professionals, students and others who are likely to require such facilities on the go.
The application has been developed for Apple’s (AAPL) iPhone and iPod Touch and has been specifically designed to work with their multi-touch user interfaces. Users can download the app for $14.99.
The calculator is part of Texas Instrument’s Education Technology segment. The business typically swells in the third quarter, driven by the back-to-school phenomenon. This time, the company sees stronger results in its other segments as well, mainly due to the alleviation of recession-driven weakness.
Management now expects total revenue to come in at $2.73-$2.87 billion (or up 9.7%-16.7% sequentially) compared to previous guidance of $2.50-$2.80 billion (or up 1.6%-13.8%). It also forecast earnings between 37 cents and 41 cents per share, compared to its prior range view of 29 cents to 39 cents a share.
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