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Technology Stocks : Semi Equipment Analysis
SOXX 304.92-0.1%Dec 30 4:00 PM EST
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To: Donald Wennerstrom who wrote (52280)6/2/2011 6:33:56 PM
From: Donald Wennerstrom  Read Replies (1) of 95652
 
Jun 2, 2011
5:27 PM Altera Inches Up: Reiterates FYQ2 View
Posted by Tiernan Ray

Shares of programmable chip maker Altera (ALTR) are up 4 cents at $47.24 in late trading, after the company this afternoon reiterated its outlook for the fiscal Q2 ending this month for revenue in a range of flat with Q1 to possibly up as much as 5% from last quarter’s level.

Analysts, on average, have been modeling Altera’s revenue to increase 2.4% from Q1's level, to $548.7 million.
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