SAN FRANCISCO Programmable logic supplier Altera Corp. Monday (Dec. 5) reaffirmed revenue guidance for the fourth quarter, forecasting company revenue would be in the range of $286 million to $297 million.
Altera (San Jose, Calif.) had previously said it expected fourth quarter revenue to be roughly equal to the
$291.5 million the company posted for the third quarter, plus or minus 2 percent.
Altera said it projects that fourth quarter gross margin will be in the range of 66.5 percent, up from previous guidance of 66 percent. The company now estimates that fourth quarter gross margin will include a $1.6 million benefit from the sale of inventory previously written off in 2001. The company had earlier projected a $2.5 million benefit.
Fourth quarter operating expenses will be approximately $114 million, up from previous guidance of $111 million, in part the result of higher-than-anticipated mask, wafer and prototyping costs in the fourth quarter, Altera said.
The company's diluted share count is now estimated to be 368 million shares for the fourth quarter, compared with a previous estimate of 371 million shares, reflecting quarter-to-date share repurchases, Altera said.