Altera Updates Second Quarter Guidance
SAN JOSE, Calif.--May 30, 2006--Altera Corporation (Nasdaq:ALTR) today announced its mid-quarter update for the second quarter of 2006.
The company reaffirms that second quarter sales will be in line with previous guidance for 7% to 10% sequential growth.
The company now expects up to several million dollars of additional SG&A expense in the second quarter resulting from its previously announced review of stock option granting practices and related accounting.
New products lead the company's growth with Stratix(R) II, Cyclone(TM) II, MAX(R) II, and HardCopy(R) devices all demonstrating continued strong sales increases.
While supply of certain types of Stratix, Stratix II, and HardCopy devices remain tight, the company believes that lead times for these parts will return to normal within one to three months, which is in line with previous company estimates.
About Altera
Altera's programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate, and win in their markets. Find out more at http://www.altera.com.
Altera, The Programmable Solutions Company, the stylized Altera logo, specific device designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of Altera Corporation in the U.S. and other countries.
|
Intel FPGA Hot IP
Related News
Breaking News
- Siemens delivers end-to-end silicon quality assurance for next-generation IC designs with new Solido IP Validation Suite
- UMC Reports Sales for April 2024
- GUC Monthly Sales Report - April 2024
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- Zhuhai Chuangfeixin: OTP IP Based on 55nm High-Voltage Process Successfully Qualified for Listing
Most Popular
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- Fabless semiconductor startup Mindgrove launches India's first indigenously designed commercial high-performance MCU chip
- Arm Brings Transformers to IoT Devices
- Alphawave Semi announced today a refocussing of the Board of Directors after reaching the three-year milestone since the Company's IPO
- Zhuhai Chuangfeixin: OTP IP Based on 55nm High-Voltage Process Successfully Qualified for Listing
E-mail This Article | Printer-Friendly Page |