Altera Corporation ( ALTR) today announced its mid-quarter update
for the second quarter of 2008.
The company now expects that sequential revenue growth will be toward
the high end of the company’s previous 1 to 4
percent guidance.
Compared to the same period in the prior quarter, the company’s
new product category is demonstrating strong and broad-based growth, led
once again by Stratix®
II FPGAs. In addition, Altera’s 65-nm FPGAs,
comprised of the low-cost Cyclone®
III and the high-end Stratix III families, are experiencing very strong
sequential growth. As anticipated, sales to the company’s
communications equipment customers continue to strengthen.
The company will announce second quarter results after market close on
July 15, 2008.
Forward-Looking Statements
Statements in this press release that are not historical are
"forward-looking statements" as the term is defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
generally written in the future tense and/or preceded by words such as “will”,
“expects”, “anticipates”,
or other words that imply or predict a future state. Forward-looking
statements include the company’s second
quarter sales guidance. Investors are cautioned that all forward-looking
statements in this release involve risks and uncertainty that can cause
actual results to differ from those currently anticipated, due to a
number of factors, including without limitation, customer business
environment, market acceptance of the company's products, the rate of
growth of the company's new products including the Stratix II, Stratix
II GX, Stratix III, Cyclone II, Cyclone III, Arria™GX, MAX® II
and HardCopy® device
families, as well as changes in economic conditions and other risk
factors discussed in documents filed by the company with the Securities
and Exchange Commission from time to time. Copies of Altera's SEC
filings are posted on the company's web site and are available from the
company without charge. Forward-looking statements are made as of the
date of this release, and, except as required by law, the company does
not undertake an obligation to update its forward-looking statements to
reflect future events or circumstances.
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 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.
