Altera Message Board - Msg: 22498318

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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 (2350)	5/30/2006 5:20:16 PM
From: Proud_Infidel	of 2389

Altera sees costs up on stock option review Tue May 30, 2006 4:32 PM ET LOS ANGELES, May 30 (Reuters) - Altera Corp. (ALTR.O: Quote, Profile, Research), a maker of programmable microchips, said it expects up to several million dollars of additional expenses in the second quarter, due to its review of stock option granting practices and related accounting. The company, which also reaffirmed its forecast sales growth of 7 percent to 10 from the prior quarter, said earlier this month that the U.S. Securities and Exchange Commission has opened an inquiry related to stock option practices. The company said the notice of the inquiry from SEC staff followed its notifying the agency of a review by its board of directors of its historical stock option practices and related accounting. Altera also said it received a subpoena from the office of the U.S. Attorney for the Northern District of California relating to the granting of stock options. It said it is cooperating with both agencies.

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