Actel (ACTL) Reaffirms First Quarter Financial Guidance
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Actel Corporation (Nasdaq: ACTL) released its business update for the first quarter of fiscal 2009, which is unchanged from previous guidance:
The Company believes that Q1 2009 revenues will decline sequentially 10-15% vs. Q1 revenue consensus of $46.20 million; (NOTE - Q4 '08 reported revenues were $52.8 million)
Gross margin is expected to be about 59-60%; and
Operating expenses are anticipated to come in at approximately $29 million, which excludes an estimated $1.6 million of stock-based compensation expense. The operating expense outlook also does
not include any restructuring charges that may be incurred during Q1 of 2009 in connection with the restructuring plan. Other income is expected to be about $2 million.
Actel Corporation is a supplier of low-power field-programmable gate arrays (FPGAs) and programmable system chips (PSCs). [SM]
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