Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Gottfried who wrote (2662)	8/27/2002 5:42:49 PM
From: Proud_Infidel	Read Replies (1) of 25522

Altera keeps Q3 sales target steady By Chris Kraeuter, CBS.MarketWatch.com Last Update: 4:54 PM ET Aug. 27, 2002 SAN JOSE, Calif. (CBS.MW) -- Programmable microchip maker Altera kept its third-quarter sales target steady during a scheduled midquarter update Tuesday. Altera (ALTR: news, chart, profile) shares rose 3 percent to $11.62 on Island ECN after closing down 8.5 percent to $11.31. Altera said it still expects third-quarter sales to be flat or up 2 percent from the previous quarter. Analysts had expected sales growth of 1 percent, amounting to sales of $180.7 million, as well as earnings of 6 cents a share, on average. During the previous quarter, Altera posted earnings of $21.7 million, or 6 cents a share, on revenue of $178.9 million. Also, Altera's Stratix device family continues to gain acceptance and design wins, according to a statement posted to the company's Web site.

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