Actel Confirms First Quarter 2009 Guidance

MOUNTAIN VIEW, CA -- (MARKET WIRE) -- Mar 12, 2009 -- Actel Corporation (NASDAQ: ACTL) today released its business update for the first quarter of fiscal 2009, which is unchanged from previous guidance:

--  The Company believes that first quarter 2009 revenues will decline
    sequentially 10 percent to 15 percent. Gross margin is expected to be about
    59 percent or 60 percent. Operating expenses are anticipated to come in at
    approximately $29 million, which excludes an estimated $1.6 million of
    stock-based compensation expense. The operating expense outlook also does
    not include any restructuring charges that may be incurred during the first
    quarter of 2009 in connection with the restructuring plan. Other income is
    expected to be about $2 million. The tax rate for the quarter is expected
    to be about 30 percent. Outstanding fully diluted share count is expected
    to be about 26.3 million shares.
    

About Actel

Actel is the leader in low-power and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at www.actel.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements in this press release regarding our updated business guidance and intentions are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated in the forward-looking statements. Risk factors that make it difficult for us to accurately predict quarterly revenues include general economic conditions and a variety of risks specific to Actel or characteristic of the semiconductor industry, such as fluctuating demand, intense competition, rapid technological change and related intellectual property and international trade issues, wafer and other supply shortages, and booking and shipment uncertainties. Any failure to meet expectations could cause the price of our stock to decline significantly. We do not assume, and expressly disclaim, any duty to update the forward-looking statements or risk factors.

Editor's Note: The Actel name and logo are registered trademarks of Actel Corporation. All other trademarks and servicemarks are the property of their respective owners.

Contact:
Dirk Sodestrom
Actel Corporation
(650) 318-4795





Review Article Be the first to review this article

Airbus

Featured Video
Jobs
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
SPTechCon 2016, Dec 5 - 8, 2016, San Francisco, CA at San Francisco CA - Dec 5 - 8, 2016
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Trimble
Teledyne Optech
University of Denver GIS Masters Degree Online
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy