SAN JOSE, Calif., Sept. 6, 2011 -- Altera Corporation (NASDAQ: ALTR) today announced updated third quarter 2011 sales guidance. The company currently expects third quarter sales to be in the range of down 3 percent to up 1 percent versus second quarter sales. Previous guidance was for sales growth of 2 percent to 6 percent.
Relative to initial guidance, demand is weaker in several vertical markets including Telecom and Wireless, particularly outside Asia, as well as Industrial Automation, Military, and Test as customers are moderating their purchases in light of macroeconomic uncertainty and other near term changes to their business environment. Despite this broader trend, Altera's new products will be up sequentially.
The company will announce third quarter results after the market close on October 20, 2011.
Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com.