Mountain View, Calif. – March 16, 2010 – Actel Corporation (NASDAQ: ACTL) today announced that first quarter 2010 revenues are expected to be up sequentially four percent to eight percent. The previous guidance was up two percent to six percent.
Gross margin is expected to be at the previous guidance of 62 percent.
Operating expenses are anticipated to come in at approximately $27.5 million, which excludes an estimated $2.1 million of stock-based compensation expense and $0.6 million associated with the acquisition of Pigeon Point Systems. The previous guidance was approximately $27.0 million.
Other income is expected to be about $0.5 million, which is unchanged from previous guidance.
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 26.3 million shares. The previous guidance was 26.5 million shares.
About Actel
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.