Altera News Update: Q3'08 Financial Announcement

Altera Q3 revenue drop 1% but still within guidance and Gross Margin up to 67%



Highlight:
Gross margin maintain at 67.1% from Q-o-Q. This help to set Net Profit Margin at 26.5%.

Cash and short-term investments of $1.28 billion.

Outlook:
Q4 sales will range from a decline of 3%t to a gain of 1% from the $356.8 million it reported for the third quarter. That projects to between $346.1 million and $360.4 million.

Q2-08-Link