Actel Announces Sequential Decline in Quarterly Revenues.SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 30, 1997--Actel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACTL ACTL American College of Trial Lawyers (Irvine, California) ACTL Access Carrier Terminal Location ACTL Activation Library ACTL Automated Compatibility Test Laboratory ACTL Association Cultural Turkey-Luxembourg ) today announced that its third quarter revenues declined sequentially by approximately six percent. "While we saw some softness following Altera's pre-announcement in August," said John East, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "we didn't think we'd have a down quarter until the last day of Q3. The shortfall resulted from a last-minute technical conformity issue on initial shipments of RH1020, our new Rad-Hard product, coupled with a large RH1280 order that we expected to pull-in for shipment in the third quarter." Actel is dedicated to providing the best programmable logic See PLD. solutions, giving logic designers the capability and confidence to move up successfully to higher complexity designs. The Company is the world's leading supplier of antifuse-based field programmable gate arrays See FPGA. (FPGAs) and associated software development tools. FPGAs are used by designers of communications, computer, medical, military/aerospace, industrial control, and other electronic systems to differentiate their products and get them to market faster. Actel is traded on the NASDAQ National Market under the symbol ACTL and is located at 955 East Arques Avenue, Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. 94086. Telephone: 888/99-ACTEL. Internet: http://www.actel.com . Actel's operating results are subject to a multitude of risks that could cause actual results to differ materially from past or projected performance, including general economic conditions and a variety of risks specific to Actel or characteristic of the semiconductor industry, such as fluctuating fluc·tu·ate v. fluc·tu·at·ed, fluc·tu·at·ing, fluc·tu·ates v.intr. 1. To vary irregularly. See Synonyms at swing. 2. To rise and fall in or as if in waves; undulate. v. demand, intense competition, rapid technological change and related intellectual property and international trade issues, wafer and supply shortages, and booking and shipment uncertainties. For a discussion of these and other factors that could have a materially adverse effect on Actel's operating results, please see "Risk Factors" in Actel's most recent Forms 10-K and 10-Q, which will be provided to you free of charge upon request. CONTACT: Actel Corporation Hank Perret, 408/522-4542 |
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