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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63089)	4/23/2002 4:53:30 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Altera beats Wall Street's estimates as Q1 sales up 6% over Q4 Semiconductor Business News (04/22/02 17:18 p.m. EST) siliconstrategies.com SAN JOSE -- Altera Corp. here today reported sales of $172 million for its first quarter ended March 31, up 6% from the fourth period of 2001, but down 40% from the first quarter of 2001. First quarter net income was $19 million, or $0.05 per diluted share, compared to a loss of $34.4 million, or $0.09 per share, last quarter and net income of $63 million, $0.16 per share, in the first period of 2001. The company beat Wall Street's estimates. It was supposed report earnings of $0.04 per share on sales of $168.5 million for the quarter, according to Thomson Financial/First Call. "The quarter's top line improvement reflects a sharp increase in new product sales," said John Daane, president and CEO.