Altera announces land purchase.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)--June 20, 1995--Altera Corporation (Nasdaq: ALTR) announced today that it has completed the purchase of approximately 25 acres of undeveloped land located near Altera's current location in northern San Jose. The land will be used for development of a new corporate headquarters facility. Construction will begin in late 1995 for occupancy in 1997. Complete development of the site is expected to ultimately reach about 500,000 square feet of building space. "We are pleased to have completed this land purchase," stated Rodney Smith, Altera's 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. . "This project will help provide for the Company's growth, and at the same time, permit Altera to plan and control the costs of its facilities." Altera Corporation, founded in 1983, is a 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 low-power applications. Altera products serve a broad range of market areas, including communications, computers, and industrial applications. 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. CONTACT: Altera Corp., San Jose Paul Newhagen, 408/894-7000 |
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