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A roundup of the latest high-tech news “Hot Off the Wire” from The Associated Press and Local Tech Wire:

• TI 2Q revenue rises 42 pct as demand roars back

NEW YORK — Texas Instruments Inc.’s (NYSE: TXN) second-quarter income and revenue jumped as demand continued to recover after the recession, yet investors had wanted even better results after seeing strong reports recently from other technology companies. Shares fell more than 5 percent following the chip maker’s report Monday.

TI said net income nearly tripled to $769 million, or 62 cents per share, for the quarter that ended June 30. That matched the average forecast of analysts polled by Thomson Reuters. In the same period last year, TI earned $260 million, or 20 cents per share. Revenue rose 42 percent to $3.5 billion, matching the average analyst forecast. It was $2.46 billion in the same period last year.

For the third quarter, TI forecasts net income of 64 cents to 74 cents per share. Analysts have been expecting 64 cents. TI says revenue should be $3.55 billion to $3.85 billion. Analysts put it at $3.65 billion.

Dallas-based TI saw a deep swoon in orders during the recession, dropping to its low in first quarter of 2009. With the second-quarter results, the company has recovered to pre-recession levels. Still, the stock fell $1.33, or 5.2 percent, to $24.22 in extended trading, reversing nearly two weeks of gains. Before the release of results, shares of the company rose 78 cents, or 3.1 percent, to close at $25.55.

Bill Kreher, an analyst at Edward Jones, said investors were betting on even stronger revenue figures after a blowout report from larger chip maker Intel Corp. last week.

• Juniper Networks climbs after Canaccord upgrade

NEW YORK — Shares of Juniper Networks Inc. (Nasdaq: JNPR) climbed Monday after a Canaccord Genuity analyst upgraded the computer networking equipment maker and said the stock could have "material" upside in the next 12 to 18 months.

Analyst Paul H. Mansky upgraded Juniper to "Buy" from "Hold" with a target price, unchanged, of $35. Juniper is set to report its second-quarter results on Tuesday, and Mansky expects earnings of 28 cents per share on revenue of $958 million. Juniper has guided for a profit of 27 cents to 29 cents per share on revenue of $930 million to $970 million.
Mansky said he’ll be watching for an update on Juniper’s relationships with manufacturers, particularly Dell Inc., as well as for any update on how the year will play out, "given some question around the 20 (percent) annual growth targets."

• Infinera hires former Starent executive for board

SUNNYVALE, Calif. — Network equipment maker Infinera Corp. said Monday that Paul J. Milbury, a former executive at rival Starent Networks, has joined its board.

Milbury served as chief financial officer at Starent until Cisco Systems Inc. bought the company last year.

Before that, he was CFO at Avid Technology Inc., a company that provides tools for creating and distributing media.

Infinera provides digital optical networking systems to telecommunications carriers worldwide.