SAN JOSE, Calif., Dec. 10, 2010 /PRNewswire/ -- Altera Corporation (Nasdaq: ALTR) today announced it was named the "Best Financially Managed Semiconductor Company" by the Global Semiconductor Alliance (GSA). Altera was presented with the award at the GSA Awards Dinner Celebration held December 9 in Santa Clara, Calif. The GSA Awards Dinner Celebration recognizes semiconductor companies that have demonstrated excellence through their success, vision, strategy and future opportunities in the industry.
Determining the top company, the GSA and selected financial analysts reviewed the overall performance and financial health of the industry's fabless semiconductor companies. Altera was named the best financially managed semiconductor company among its peers based on a number of financial metrics, such as revenue, net income, return on investment, return on equity, inventory turns, days sales outstanding, cash per share, cash burn, gross profit margin, operating margin and current ratio.
"In what was a remarkable year for the semiconductor industry, to be recognized by the GSA as the industry's best financially managed company is a tremendous honor and is a testament to the fiduciary excellence we strive to achieve," said John Daane, Altera's president, CEO and chairman of the board. "Receiving this award would not have been possible without the dedication and hard work of each and every Altera employee, and I would like to thank them for their commitment to ensuring Altera's continued success."
The Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective fabless ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 25 countries across the globe. For further information on the GSA, visit www.gsaglobal.org.
Altera® programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com. Follow Altera via Facebook, RSS and Twitter.
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SOURCE Altera Corporation