Monday, September 5, 2011

Altera Cuts Q3 Guidance

Altera, which supplies FPGA, CPLD and ASIC devices, has trimmed its third quarter 2011 sales guidance. The company currently expects third quarter sales to be in the range of down 3 percent to up 1 percent versus second quarter sales. Previous guidance was for sales growth of 2 percent to 6 percent.

Altera cited weaker that expected demand several vertical markets including telecom and wireless, particularly outside Asia, as well as industrial automation, military, and test markets.

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