Altera Message Board - Msg: 19266096

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: Kirk © who wrote (2274)	9/2/2003 6:59:13 PM
From: Proud_Infidel	Read Replies (1) of 2389

Altera Still Sees 3Q Revenue Up Sequentially 1%-4% From 2Q Tuesday September 2, 4:45 pm ET SAN JOSE -(Dow Jones)- Altera Corp. (NasdaqNM:ALTR - News) released a quarterly sales update, reporting distributor resales in line with corporate expectations and reiterating its guidance of 1% to 4% sequential revenue growth. Based on the semiconductor company's performance in the second quarter, its expectations amount to sales of about $207.3 million to $213.5 million. Analysts polled by Thomson First Call (News - Websites), on average, project third-quarter revenue of $210.8 million. In a press release Tuesday, Altera also said sales of its Cyclone devices continue on their record-setting pace, aiding the company's growth in new and traditional field programmable gate-array markets. Altera last switched hands in after-hours trading at $22.21, down 12 cents, or 0.7%, from its Tuesday close of $22.33 a share.

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