Wednesday, December 7, 2011

Altera Trims Q4 Outlook

Altera issued new financial guidance for Q4, saying it "currently expects that fourth quarter revenue will be 13 to 16 percent lower than third quarter levels. Previous guidance was for a decline of 7 to 11 percent. The revenue outlook has deteriorated across all major vertical markets, including both large and small customers. With the exception of North America, which will benefit from rising military sales, all geographic regions will be weak."