altera corp (ALTR) Key Developments
Altera FPGAs Power New RICOH SP 3600DN Printer Series
Jul 31 15
Altera Corporation announced that Ricoh Group has chosen Altera Cyclone® IV FPGAs to power its newly introduced line of printers, the RICOH SP 3600DN Series. Altera's Cyclone IV FPGAs power the image processing capability of the RICOH SP 3600 Series printers, helping implement new features such as 1200 dpi image quality improvements, serial print speeds, and fast print speed. In addition, Cyclone IV FPGAs allow Ricoh to significantly reduce overall costs and design time during development. RICOH SP 3600DN Series printers provide high performance while featuring a compact and modern design effective for general offices and locations with limited space.
Altera Receives Favorable Opinion on Cost-Sharing Litigation with Internal Revenue Service
Jul 29 15
Altera Corporation announced that the United States Tax Court has issued a favorable opinion with respect to Altera's litigation with the Internal Revenue Service filed with the Court in 2012. The litigation relates to the treatment of stock-based compensation expense in an inter-company cost-sharing arrangement with Altera's wholly owned subsidiary, Altera International Inc., for fiscal years 2004 through 2007 among other issues. In its opinion issued on July 27, 2015, the Court accepted Altera's position and concluded that the company is not liable for any tax or interest associated with the cost-sharing issue. There are other outstanding issues that need to be resolved and other procedural formalities that need to be completed in this litigation before a decision is issued by the Court. Once the Court has issued a decision in the case, the IRS will have a 90-day period to appeal. If the decision stands as set out in the opinion and upon a final adjudication, Altera currently expects to record, based upon its preliminary estimates, an aggregate favorable impact of $40 to $50 million to net income for fiscal years 2004 through 2007 for the reversal of previously recorded reserves related to the stock-based compensation cost-sharing issue.
Altera Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 26, 2015
Jul 23 15
Altera Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 26, 2015. For the quarter, the company reported net sales of $414.162 million against $491.517 million a year ago. Operating margin was $86.331 million against $146.567 million a year ago. Income before income taxes was $85.430 million against $143.552 million a year ago. Net income was $70.339 million against $127.004 million a year ago. Diluted net income per share was $0.23 against $0.31 a year ago.
For the six months, the company reported net sales of $849.647 million against $952.609 million a year ago. Operating margin was $189.352 million against $281.162 million a year ago. Income before income taxes was $187.145 million against $273.692 million a year ago. Net income was $165.191 million against $243.518 million a year ago. Diluted net income per share was $0.54 against $0.77 a year ago. Net cash provided by operating activities was $225.853 million against $301.388 million a year ago. Purchases of property and equipment were $43.339 million against $21.614 million a year ago. Purchases of intangible assets were $5.257 million against $0.535 million a year ago.
Altera Declares Quarterly Cash Dividend Payable on September 1, 2015
Jul 23 15
Altera Corp. announced board of directors has declared a quarterly cash dividend of $0.18 per share, to be paid on September 1, 2015 to shareholders of record on August 10, 2015.
Altera Corporation Announces the Availability of the Second-Generation Nios II Embedded Evaluation Kit
Jul 21 15
Altera Corporation announced availability of the second-generation Nios II Embedded Evaluation Kit (NEEK), which features Altera's non-volatile MAX 10 FPGA and Nios II soft-core embedded processor. The MAX 10 NEEK is a platform that provides a fast and simple way for embedded designers to experience the capabilities of a custom embedded processor in a non-volatile FPGA. The MAX 10 NEEK was jointly developed by Altera and its board partner, Terasic. The MAX 10 NEEK combines a MAX 10 FPGA-based board with a 7-inch, 5-point multi-touch display. Embedded developers can select from a variety of networking, audio, video and image processing reference designs, and launch example applications with the touch of a finger. The kit includes many amenities that enhance human machine interface (HMI), machine vision, and surveillance operation including an 8 megapixel MIPI CSI-2 camera, HDMI support, humidity and temperature sensor, 3-axis accelerometer, and built-in microphone. Combining a Nios II soft processor and a MAX 10 FPGA with on-die flash provides several advantages over microcontroller-based solutions, including enabling custom hardware configuration, obsolescence proofing, and custom hardware acceleration for real-time processing. Embedded designers can configure the perfect-fit processor system with Nios II processor and MAX 10 FPGAs, which is not possible to do with a standard microcontroller's limited peripheral sets. The Nios II processor delivers unprecedented flexibility for cost-sensitive, real-time and safety-critical (DO-254) systems. MAX 10 FPGAs revolutionize non-volatile integration by delivering dual-configuration flash, analog and embedded processing capabilities in a single-chip, small form factor, low-cost, instant-on programmable logic device. The MAX 10 NEEK is available for purchase on Altera's web site for $373.