Would ALTR be doing this if they saw a downturn on the horizon?
Monday October 16, 7:20 pm Eastern Time
Press Release
Altera Increases Share Repurchase Authorization
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 16, 2000--Altera Corporation (NASDAQ:ALTR - news) today announced that its Board of Directors has authorized doubling from 24.0 million to 48.0 million the number of shares authorized for repurchase under the company's share repurchase program. Under the program, which was previously authorized by the Board of Directors, shares may be purchased in the open market from time to time at the discretion of the company's management.
About Altera
Altera Corporation, The Programmable Solutions Company®, was founded in 1983 and is a leading supplier of programmable logic devices (PLD's). Altera's CMOS-based PLD's are user-programmable semiconductor chips that enhance flexibility and reduce time-to-market for companies in the communications, computer peripheral, and industrial markets. By using high performance devices, software development tools, and sophisticated intellectual property cores, system-on-a-programmable-chip (SOPC) solutions can be created with embedded processors, memory, and other complex logic together on a single PLD. Altera common stock is traded on the Nasdaq Stock Market under the symbol ALTR. More information on Altera is available on the Internet at altera.com.
Altera, The Programmable Solutions Company, and specific device designations are trademarks and/or service marks of Altera Corporation in the U.S. and other countries. |
