Altera Updates Fourth Quarter Revenue Guidance, Issues 2013 Guidance

     Altera Updates Fourth Quarter Revenue Guidance, Issues 2013 Guidance

PR Newswire

SAN JOSE, Calif., Dec. 4, 2012

SAN JOSE, Calif., Dec. 4, 2012 /PRNewswire/ -- Altera Corporation (NASDAQ:
ALTR) today announced updated fourth quarter 2012 revenue guidance and key
guidance elements for 2013.


The company 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.

Fourth quarter results will be released after the market close on January 23,

2013 Guidance
During the fourth quarter, the company typically issues key guidance elements
for the following year. Data for 2013 appears in the following table:

 Gross Margin                           69% to 70%
 Research and Development Approximately $404 million
 SG&A                     "             $315 million
 Other Income/Expense     "             Expense of $1 million
 Tax Rate                 "             13% to 14%
 Capital Expenses        "             $65 million

Today's Conference Call
A conference call will be held today at 1:45 Pacific Time to discuss Altera's
2013 guidance. A web cast and subsequent replay will be available in the
Investor Relations section of the company's website at 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 of revenue and sales of the
company's new and older products, as well as all financial information
included in the 2013 guidance. 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, current global economic
conditions, customer business environment, customer inventory levels, vertical
market mix, market acceptance of the company's products, changes in demand
during the remainder of fourth quarter 2012 and in 2013 for the company's new
products including Cyclone^® IV, Arria^® II, Arria V, Stratix^® IV,^ and
Stratix V FPGAs, MAX^® V CPLDs and HardCopy^® IV device families, as well as
other risk factors 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
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Scott Wylie - Vice President  Sue Martenson - Senior Manager
Investor Relations            Public Relations
(408) 544-6996                (408) 544-8158   

SOURCE Altera Corporation