Current Report Filing (8-k)
December 10 2014 - 4:30PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 10, 2014
ALTERA CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware | | 0-16617 | | 77-0016691 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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101 Innovation Drive, San Jose, California | | 95134 |
(Address of principal executive offices) | | (Zip Code) |
Registrant's telephone number, including area code: (408) 544-7000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On December 10, 2014, Altera Corporation issued a press release announcing key guidance elements for 2015. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
99.1 Press release dated December 10, 2014
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ALTERA CORPORATION |
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/s/ RONALD J. PASEK
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Ronald J. Pasek Senior Vice President, Finance and Chief Financial Officer
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Dated: December 10, 2014
EXHIBIT INDEX
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99.1 | Press release dated December 10, 2014 |
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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 |
ALTERA ISSUES 2015 GUIDANCE
San Jose, Calif., December 10, 2014 - 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 system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com. Follow Altera via Facebook, RSS and Twitter.
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ALTERA, ARRIA, CYCLONE, HARDCOPY, 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 trademarks and service marks are the property of their respective holders as described at www.altera.com/legal.
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