Mountain View, Calif. -- September 16, 2009 -- Actel Corporation (NASDAQ: ACTL) today announced that third quarter 2009 revenues are expected to be flat to up three percent. The previous guidance was minus two to plus four percent.
Gross margin is expected to be about 56 or 57 percent, which is unchanged from the previous guidance.
Operating expenses are anticipated to come in at approximately $27.0 million, which excludes an estimated $1.9 million of stock-based compensation expense. The previous guidance was approximately $27.2 million. The guidance for operating expenses does not include the ongoing amortization of intangibles and deferred compensation for the Pigeon Point Systems acquisition of approximately $0.6 million or any charges that may be incurred during the third quarter of 2009 in connection with the Company’s restructuring program.
Other income is expected to be about $0.7 million. The previous guidance was about $0.8 million.
The non-GAAP tax rate for the quarter is expected to be about 30 percent, which is unchanged from the previous guidance. Outstanding fully diluted share count is expected to be about 26.4 million shares, which is unchanged from the previous guidance.
Actel is the leader in low-power FPGAs and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at www.actel.com.