Altera (ALTR) Guides Lower

December 4, 2012 4:17 PM EST
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Altera Corp (NASDAQ: ALTR) currently expects that revenue for the fourth quarter will be 8 to 10 percent lower than third quarter levels. Prior guidance was for a decline of 6 to 10 percent.

Sales of the company's new products are expected to grow sequentially but that growth will be more than offset by lower sales of the company's older products.

Sees 2013 gross margin of 69% to 70%.

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