SAN JOSE, Calif., Dec. 10, 2014 /PRNewswire/ -- Altera Corporation
(NASDAQ: ALTR) today announced key guidance elements for 2015.
During the fourth quarter, the company typically issues key
guidance elements for the following year. Data for 2015 appears in
the following table:
|
Gross
Margin
|
|
67% to 69%
|
|
Research and
Development (1)
|
Approximately
|
$441
million
|
|
SG&A
|
"
|
$319
million
|
|
Other
Income/Expense
|
|
Expense of $3 to $6
million
|
|
Tax
Rate
|
"
|
13% to 14%
|
|
Diluted Share Count
(Wt. Avg.)
|
"
|
300
million
|
|
Capital
Expenditures
|
"
|
$28
million
|
|
Note (1):
|
The business outlook
for Research and Development expense includes amortization of
acquisition-related intangible assets.
|
Today's Conference Call
A conference call will be held
today at 1:45 Pacific Time to discuss
Altera's 2015 guidance. A web cast and subsequent replay will be
available in the Investor Relations section of the company's
website at www.altera.com. A telephonic replay of the call may be
accessed later in the day by calling (719) 457-0820 and referencing
confirmation code 258712. The telephonic replay will be available
for two weeks following the live call.
Forward-Looking Statements
Statements in this press
release that are not historical are "forward-looking statements" as
the term is defined in the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are generally written in the
future tense and/or preceded by words such as "will," "expects,"
"anticipates," or other words that imply or predict a future state.
Forward-looking statements include, but are not limited to,
projections included in the 2015 guidance above. Investors are
cautioned that all forward-looking statements in this release
involve risks and uncertainty that can cause actual results to
differ from those currently anticipated, due to a number of
factors, including without limitation, global economic conditions,
customer business environment, customer inventory levels, product
development schedules, discrete tax items, and vertical market mix.
Other risk factors are discussed in documents filed by the company
with the Securities and Exchange Commission (SEC) from time to
time. Copies of Altera's SEC filings are posted on the company's
website and are available from the company without charge.
Forward-looking statements are made as of the date of this release,
and, except as required by law, the company does not undertake an
obligation to update its forward-looking statements to reflect
future events or circumstances.
About Altera
Altera® programmable solutions
enable designers of electronic systems to rapidly and cost
effectively innovate, differentiate and win in their markets.
Altera offers FPGAs, SoCs, CPLDs, ASICs and complementary
technologies, such as power management, to provide high-value
solutions to customers worldwide. Visit www.altera.com.
ALTERA, ARRIA, CYCLONE, ENPIRION, MAX, MEGACORE, NIOS, QUARTUS
and STRATIX words and logos are trademarks of Altera Corporation
and registered in the U.S. Patent and Trademark Office and in other
countries. All other words and logos identified as trademarks or
service marks are the property of their respective holders as
described at www.altera.com/legal.
|
INVESTOR
CONTACT
|
|
MEDIA
CONTACT
|
|
Scott Wylie - Vice
President
|
|
Sue Martenson -
Senior Manager
|
|
Investor
Relations
|
|
Public
Relations
|
|
(408)
544-6996
|
|
(408)
544-8158
|
|
swylie@altera.com
|
|
newsroom@altera.com
|
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SOURCE Altera Corporation