Altera Names John Daane President and Chief Executive Officer.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 27, 2000 Altera Corporation (Nasdaq:ALTR) today announced that John Daane will become President and Chief Executive Officer, effective November 30. Mr. Daane will replace Rodney Smith, who announced his intention to retire late last year. Mr. Smith will remain the Chairman of Altera's Board of Directors. Mr. Daane has been with LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic Corporation since 1985, most recently as Executive Vice President of the Communications Products Group. Additionally Daane was responsible for LSI's design services, intellectual property development and methodology, the company's CAD and library development activities as well as a number of corporate and customer support functions. "I am very pleased to announce the selection of John Daane as our next President and Chief Executive Officer," stated Rodney Smith, Altera's current 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. . "John's in-depth knowledge of the semiconductor industry, and the ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. market in particular, will be invaluable in leading Altera's growth as we focus on system-on-a programmable-chip solutions for the communications market." About Altera Altera Corporation, The Programmable Solutions Company(R), was founded in 1983 and is a leading supplier of programmable logic devices (PLDs). Altera's CMOS-based PLDs are user-programmable semiconductor chips that enhance flexibility and reduce time-to-market for companies in the communications, computer peripheral, and industrial markets. By using high performance devices, software development tools, and sophisticated intellectual property cores, system-on-a-programmable-chip (SOPC SOPC System on a Programmable Chip SOPC Special Operations Preparation Course SOPC Second-Order Power Control SOPC Shuttle Operations and Planning Center SOPC 1-Stearoyl-2-Oleoyl-Sn-Glycero-3-Phosphatidylcholine SOPC Shaastra Online Programming Contest ) solutions can be created with embedded processors, memory, and other complex logic together on a single PLD (Programmable Logic Device) Refers to a variety of logic chips that are programmable at the customer's site, the customer being the vendor of the finished chip, not the end user. . Altera common stock is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol ALTR. More information on Altera is available on the Internet at http://www.altera.com. Note to Editors: Altera and The Programmable Solutions Company are trademarks and/or service marks of Altera Corporation in the U.S. and other countries. |
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