Altera Message Board - Msg: 21373289

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: Cary Salsberg who wrote (2318)	5/31/2005 11:36:31 AM
From: Proud_Infidel	Read Replies (1) of 2389

Altera Likely To Boost Q2 Revenue Guidance 05.31.05, 10:32 AM ET J.P. Morgan Securities maintained an "overweight" rating on Altera (nasdaq: ALTR - news - people ), saying it expects the company to raise second-quarter revenue guidance. "Our checks indicate business at Altera is tracking to the high end of the company's expectations," J.P. Morgan said. The research firm expects Altera to raise the revenue forecast to $280.7 million from $278.0 million, or a sequential increase of 5% to 6%. Citing improving business conditions, J.P. Morgan raised the second-quarter revenue estimate on Altera to $280.0 million from $275.0 million, but maintained the earnings-per-share estimate of 17 cents. The research firm raised the calendar 2005 earnings estimate to 75 cents per share on revenue of $1.14 billion, from earnings of 74 cents per share on revenue of $1.12 billion. J.P. Morgan said Altera's strength is due in part to share gains from its low-end programmable logic devices such as the Cyclone and MAX families. In addition, Altera shares are currently trading at a 21% discount to Xilinx (nasdaq: XLNX - news - people ), according to the research firm.

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