Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Lehman Cuts Opinion on Altera

Lehman Bros. cut its investment opinion on Altera (ALTR) to equal-weight from overweight on Wednesday, explaining that the chip maker had lower than expected profit margins.

Analyst Timothy Luke said Altera's margins were revised downward, among other things. Luke noted, however, that softness is prevalent across all end markets. With uncertainty likely to linger for Altera, the analyst cut his 2005 earnings per share estimate to 75 cents from 76 cents, and his 2006 estimate to 90 cents from 94 cents. He also thinks Altera's shares could be range-bound near term during the next two seasonally weaker quarters.

blog comments powered by Disqus