News: Altera Corp (ALTR.O)
4 Dec 2013
Tue, Oct 22 2013
SAN FRANCISCO - A host of U.S. chipmakers gave quarterly revenue forecasts that disappointed Wall Street and hurt their shares on Tuesday, including Broadcom Corp, which said it would lay off over a thousand workers as it struggles with slow demand for its cellphone chips.
SAN FRANCISCO, Oct 22 - A host of U.S. chipmakers gave quarterly revenue forecasts that disappointed Wall Street and hurt their shares on Tuesday, including Broadcom Corp , which said it would lay off over a thousand workers as it struggles with slow demand for its cellphone chips.
- Programmable-chip maker Altera Corp forecast current-quarter revenue below Wall Street estimates, citing fewer orders for its telecom and wireless products, sending its shares down 5 percent after the bell.
* Expects 4th-qtr revenue of $432.5-$450.5 mln vs est $474.5 mln
Oct 22 - Programmable-chip maker Altera Corp reported a 24 percent fall in quarterly profit and projected a decrease in sales in the fourth quarter from the third quarter.
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