Company Profile For Altera Corporation

Altera Corporation (Altera) is a supplier of programmable semiconductors and related products. Altera designs, manufactures, and markets programmable logic devices (PLDs), hardcopy application- specific integrated circuits (ASICs), pre-defined design building blocks, known as intellectual property (IP) cores, and associated development tools. PLDs, which consist of field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs), are standard semiconductor integrated circuits, or chips, that its customers program to perform desired logic functions in their electronic systems. Its HardCopy enables its customer to transition from high-density FPGAs to non-programmable implementations for volume production. IP cores can be licensed by customers to add standard functions to their PLD designs.

BRIEF: For the nine months ended 25 September 2009, Altera Corporation's revenues decreased 21% to $830.4M. Net income decreased 46% to $148.1M. Revenues reflect an increase in sales from Asia Pacific segment. Net income also reflects a decrease in the gross profit margins, the presence of restructuring expense related to research & development & selling, general & administration and the presence of compensation expenses vs. a benefit.