Altera Updates Fourth Quarter Revenue Guidance, Issues 2013 Guidance

SAN JOSE, Calif. -- Dec. 4, 2012 /PRNewswire/ -- Altera Corporation (NASDAQ: ALTR) today announced updated fourth quarter 2012 revenue guidance and key guidance elements for 2013.

The company currently expects that revenue for the fourth quarter will be 8 to 10 percent lower than third quarter levels. Prior guidance was for a decline of 6 to 10 percent. Sales of the company's new products are expected to grow sequentially but that growth will be more than offset by lower sales of the company's older products.

Fourth quarter results will be released after the market close on January 23, 2013.

2013 Guidance

During the fourth quarter, the company typically issues key guidance elements for the following year. Data for 2013 appears in the following table:

 


Gross Margin


69% to 70%


Research and Development

Approximately

$404 million


SG&A

"

$315 million


Other Income/Expense

"

Expense of $1 million


Tax Rate

"

13% to 14%


Capital Expenses 

"

$65 million

Today's Conference Call

A conference call will be held today at 1:45 Pacific Time to discuss Altera's 2013 guidance. A web cast and subsequent replay will be available in the Investor Relations section of the company's website at www.altera.com. A telephonic replay of the call may be accessed later in the day by calling (719) 457-0820 and referencing confirmation code 258712. The telephonic replay will be available for two weeks following the live call.

About Altera

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. Follow Altera via Facebook, RSS and Twitter.

ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX words and logos are trademarks of Altera Corporation and registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and service marks are the property of their respective holders as described at www.altera.com/legal.


Contacts:

Scott Wylie
Vice President
Investor Relations
Tel.: (408) 544-6996
Email Contact

Sue Martenson
Senior Manager
Public Relations
Tel.: (408) 544-8158
Email Contact




Review Article Be the first to review this article
Harris

Featured Video
Jobs
Geospatial Systems Administrator for BAE Systems Intelligence & Security at arnold, MO
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Geospatial Analyst - Senior for BAE Systems Intelligence & Security at Springfield, VA
Avionics System Engineer for BAE Systems Intelligence & Security at Arlington, VA
Mechanical Design Engineer 3 for KLA-Tencor at Milpitas, CA
Director of Process Engineering. for Tekni-Plex at Toledo, OH
Upcoming Events
2018 Annual Convention of Virginia Association of Surveyors at 24 S. Market St Staunton VA - Jan 18 - 20, 2018
ArcGIS: Introduction at Environmental and Natural Resource Building 14 College Farm Rd New Brunswick NJ - Feb 1 - 22, 2018
International LiDAR Mapping Forum at Hyatt Regency 650 15th Street, Denver CO - Feb 5 - 7, 2018
Automated ISR & Battle Management Summit at Mary M. Gates Learning Center Alexandria VA - Feb 13 - 14, 2018
Teledyne Optech
Teledyne:
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise