Altera Remains Confident It Will Meet Customer Demand.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)--Sept. 21, 1999-- Following Tuesday's earthquake in Taiwan, Altera 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 : ALTR) announced that it remains confident in its ability to continue to meet customer demand for its products. The Company's third quarter financial performance will not be impacted by any interruption of its supply from Taiwan Semiconductor Manufacturing Company (TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code ). In the event TSMC does experience a temporary disruption, Altera believes that its inventories combined with existing plans to continue the production ramp of WaferTech, a joint-venture with TSMC located in Camas, Washington, will enable the Company to meet most, if not all, customer demand in the fourth quarter. The Company maintains over two months of supply at distributors and has almost three months of inventory on hand, mostly in the form of unpackaged die. WaferTech, completing its first full year of production, is planned to be the Company's major wafer supplier in the fourth quarter. Denis Denis, king of Portugal: see Diniz. Berlan, Altera's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. stated, "TSMC has been our leading supplier for over four years. While we do not have complete information on the status of the manufacturing lines at this point in time, our relationship with WaferTech gives us additional flexibility and we believe that any potential shortages will be of short-term duration and limited to selected products. In the long-term, we are absolutely confident in TSMC's ability to regain production with minimal delay. Right now, our biggest concerns are for TSMC's employees, their families, and the Taiwanese people This article is about the people of Taiwan. For the Chinese-language dialect known as Taiwanese, see Taiwanese (linguistics) Taiwanese people (Traditional Chinese: 臺灣人 also 台灣人 ." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Notice This press release contains "forward-looking statements" which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements in this release contain the words "believes" and "planned." Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty. Please refer to the Company's Securities and Exchange Commission filings, copies of which are available from the Company without charge, for further information. About Altera Altera Corporation, The Programmable Solutions Company(TM), was founded in 1983 and is a leading supplier of programmable logic devices and associated logic development software tools. Programmable logic devices are semiconductor chips that can be programmed on-site using software tools that run on personal computers or engineering workstations. User benefits include ease of use, lower risk, and fast time-to-market. Altera's CMOS-based programmable logic devices address high-speed, high-density and low-power applications in the telecommunications, data communications, computer peripheral, and industrial markets. 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 may be obtained on the Internet at http://www.altera.com Note to Editors: Altera and The Programmable Solutions Company are trademarks of Altera Corporation in the U.S. and other countries. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion