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Technology Stocks : Altera -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (2310)	3/3/2005 11:06:33 PM
From: Proud_Infidel	Respond to of 2389

Altera Reschedules Business Update Thursday March 3, 4:15 pm ET SAN JOSE, Calif.--(BUSINESS WIRE)--March 3, 2005--Altera Corporation (Nasdaq:ALTR - News) today announced that the company will now issue its first quarter business update on March 9, 2005. The company had previously scheduled its update for the following day, March 10, 2005. The update will be issued in a press release after the market close. About Altera Altera Corporation (Nasdaq:ALTR - News) is the world's pioneer of system-on-a-programmable-chip (SOPC) solutions. Combining programmable logic technology with software tools, intellectual property, and technical services, Altera provides high-value programmable solutions to approximately 14,000 customers worldwide. More information is available at altera.com. Altera, The Programmable Solutions Company, the stylized Altera logo, specific device designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of Altera Corporation in the U.S. and other countries. All other product or service names are the property of their respective holder. -------------------------------------------------------------------------------- Source: Altera Corporation

To: Cary Salsberg who wrote (2310)	3/9/2005 4:56:27 PM
From: Proud_Infidel	Respond to of 2389

I suppose we'll see more after-the-fact upgrades tomorrow: UPDATE 1-Altera boosts outlook on rebounding comms demand Wed Mar 9, 2005 04:30 PM ET (Adds company comment, stock movement, background on competitor) SAN FRANCISCO, March 9 (Reuters) - Altera Corp. (ALTR.O: Quote, Profile, Research) , a maker of programmable microchips, on Wednesday raised its quarterly revenue outlook, citing rebounding demand from communications equipment makers. In a scheduled update, the San Jose, California-based company said it now expects sales to rise 6 percent from the fourth-quarter level of $239.9 million. Previously, it had targeted a 1 percent to 3 percent improvement. Its shares rose 1 percent in after-hours trading. "Sales to customers in the communications market segment have rebounded more sharply than initially anticipated," the company said in a statement. Xilinx Inc. (XLNX.O: Quote, Profile, Research) , Altera's arch-rival, raised its revenue forecast on Tuesday, targeting a 5 percent to 8 percent increase from an earlier forecast of 1 percent to 5 percent growth. Altera shares jumped to $20.65 in after-hours trading on Inet from a close of $20.37 on Nasdaq.

To: Cary Salsberg who wrote (2310)	3/10/2005 10:28:37 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 2389

Altera Gets Revs Lift From Wireless Segment 03.10.05, 10:18 AM ET Banc of America Securities reiterated a "neutral" rating on Altera (nasdaq: ALTR - news - people ), saying a recovery in industry fundamentals will benefit the chipmaker's sales while company spending plans for calendar 2005 is likely to limit operating margin improvement in coming quarters. The research firm raised the target price on Altera to $21 from $19. For the first quarter, Altera raised the revenue growth guidance to approximately a 6% sequential rise, from prior guidance of 1% to 3%. "While the company did not comment on gross margin expectations, we believe gross margins are tracking in line with guidance," Banc of America said. Altera reported revenue is being primarily driven by the communications segment. "We note that Altera's comments mirror those made by Xilinx (nasdaq: XLNX - news - people )," Banc of America said. "Within communications, we think wireless infrastructure was a primary driver of strength for Altera." Banc of America raised the 2005 and 2006 earnings-per-share estimates on Altera to 60 cents and 76 cents, respectively, from 54 cents and 70 cents. Elsewhere in the semiconductors sector, Banc of America's top picks are Maxim Integrated Products (nasdaq: MXIM - news - people ) and Power Integrations (nasdaq: POWI - news - people ), both rated at "buy" with target price of $50 and $23.50, respectively. Its least favorite picks are Lattice Semiconductor (nasdaq: LSCC - news - people ) and Micrel Semiconductor (nasdaq: MCRL - news - people ), both rated at "sell" with target prices of $4 and $7.50, respectively.