Altera Issues 2015 Guidance

10 Dec, 2014, 16:15 ET from Altera Corporation

SAN JOSE, Calif., Dec. 10, 2014 /PRNewswire/ -- Altera Corporation (NASDAQ: ALTR) today announced key guidance elements for 2015.

During the fourth quarter, the company typically issues key guidance elements for the following year. Data for 2015 appears in the following table:

Gross Margin                               

67% to 69%

Research and Development (1)    

Approximately

$441 million

SG&A        

"

$319 million

Other Income/Expense     

Expense of $3 to $6 million

Tax Rate   

"

13% to 14%

Diluted Share Count (Wt. Avg.)  

300 million

Capital Expenditures  

"

$28 million

 

Note (1):

The business outlook for Research and Development expense includes amortization of acquisition-related intangible assets.

Today's Conference Call A conference call will be held today at 1:45 Pacific Time to discuss Altera's 2015 guidance. A web cast and subsequent replay will be available in the Investor Relations section of the company's website at www.altera.com. A telephonic replay of the call may be accessed later in the day by calling (719) 457-0820 and referencing confirmation code 258712. The telephonic replay will be available for two weeks following the live call.

Forward-Looking Statements Statements in this press release that are not historical are "forward-looking statements" as the term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally written in the future tense and/or preceded by words such as "will," "expects," "anticipates," or other words that imply or predict a future state. Forward-looking statements include, but are not limited to, projections included in the 2015 guidance above. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that can cause actual results to differ from those currently anticipated, due to a number of factors, including without limitation, global economic conditions, customer business environment, customer inventory levels, product development schedules, discrete tax items, and vertical market mix. Other risk factors are discussed in documents filed by the company with the Securities and Exchange Commission (SEC) from time to time. Copies of Altera's SEC filings are posted on the company's website and are available from the company without charge. Forward-looking statements are made as of the date of this release, and, except as required by law, the company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

About Altera Altera® programmable solutions enable designers of electronic systems to rapidly and cost effectively innovate, differentiate and win in their markets. Altera offers FPGAs, SoCs, CPLDs, ASICs and complementary technologies, such as power management, to provide high-value solutions to customers worldwide. Visit www.altera.com.

ALTERA, ARRIA, CYCLONE, ENPIRION, MAX, MEGACORE, NIOS, QUARTUS and STRATIX words and logos are trademarks of Altera Corporation and registered in the U.S. Patent and Trademark Office and in other countries. All other words and logos identified as trademarks or service marks are the property of their respective holders as described at www.altera.com/legal.

INVESTOR CONTACT

MEDIA CONTACT

Scott Wylie - Vice President

Sue Martenson - Senior Manager

Investor Relations

Public Relations

(408) 544-6996

(408) 544-8158

swylie@altera.com

newsroom@altera.com

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SOURCE Altera Corporation



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