Altera Update On First Quarter Sales.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)--February 27, 1995--Altera Corporation (Nasdaq: ALTR) today indicated that the February month-to- date order rate has exceeded Company expectations, following a strong January. Altera reported record levels of sales for the quarter ended December 31, 1994 of $59.2 million, up 21% over the previous quarter. The Company now believes that the quarter-to-date incoming order rate could produce a sequential percentage increase in sales for the current quarter similar to the results from the quarter ended December 31, 1994. This is above current analyst expectations. Rodney Smith, 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. stated, "Business continues at a level which is higher than we expected. Both orders from distribution and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers coupled with distribution end sales to customers are at record levels through February." Altera Corporation, founded in 1983, is a world-wide leader in high-performance, high-density programmable logic devices and associated computer aided engineering (application) Computer Aided Engineering - (CAE) Use of computers to help with all phases of engineering design work. Like computer aided design, but also involving the conceptual and analytical design steps. (CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ) logic development tools. Programmable logic devices are semiconductor chips that offer on-site programmability to customers. The chips are programmed with tools that run on personal computers or engineering workstations. User benefits include ease of use, lower risk, and fast time-to- market. The Company offers the broadest line of CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. programmable logic devices that address high-speed, high-density, and lower power applications. Altera products serve a broad range of market areas, including telecommunications, data communications, computers, and industrial applications. Altera common stock is traded on the Nasdaq National Market using the symbol ALTR. CONTACT: Altera Corporation Thomas J. Nicoletti, (408) 894-7000 |
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