Mountain View, Calif. -- December 11, 2008 -- Actel Corporation (NASDAQ: ACTL) today released its business update for the fourth quarter of fiscal 2008, which is unchanged from previous guidance:
The Company believes that fourth quarter 2008 revenues will be flat to down four percent sequentially. Gross margin is expected to be around 59 to 60 percent. Operating expenses are anticipated to come in at approximately $29 million, which excludes an estimated $1.8 million of stock-based compensation expense. Other income is expected to be about $1.5 million. The tax provision for the quarter is expected to be a credit of approximately $1 million. Outstanding fully diluted share count is expected to be about 25.9 million shares. The guidance for operating expenses does not include the ongoing amortization of intangibles and deferred compensation for the acquisition of Pigeon Point Systems of approximately $0.7 million or the one-time charge for the reduction in force that is expected to be around $3 million.
Actel is the leader in low-power and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at www.actel.com.