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Altera (ALTR)
Altera is a comeback story. In 2000, when demand for the Silicon Valley company's integrated circuits was hot, Altera posted record sales of $1.38 billion and profits of $496.9 million. The next year, it lost $39.8 million as it laid off more than 150 employees amid a 40% plunge in sales as the dot-com bubble burst. Since 2002, its numbers have been rebounding. Sales are up 58% to $1.12 billion in 2005, while net income has tripled to $278.8 million. The San Jose (Calif.) company was founded in 1983.
Company Info |
|
| 2005 Rank | 59 |
| Market Value* ($ Millions) | 7,849.7 |
| Sales* ($ Millions) | 1,151.7 |
| Sales Growth (3-yr. avg. annual) |
17.1 % |
| Profits* ($ Millions) | 273.8 |
| Profit Growth (3-yr. avg. annual) | 48.0 % |
| Return on Inv. Capital (3-yr.) | 19.2 % |
| Share Price 12-Mo. Hi/Lo | 23/16 |
| Share Price As of 4/28/06 | 22 |
| Return on Equity | 20.7 % |
| P/E Ratio | 30 |
| No. of Employees | 2,361 |
| Industry | Semiconductors |
| CURRENT MARKET INFO | ALTR > |
| COMPANY WEB SITE > | |
| Location | San Jose, Calif. |
| Phone | 408 544-7000 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Altera Corp. engages in the design, manufacture, and marketing of programmable logic devices (PLD); structured application-specific integrated circuit devices; predefined design building blocks or intellectual property cores; and associated development tools. Its PLDs, which consist of field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs) are semiconductor integrated circuits manufactured as standard chips that are programmed by electronic equipment manufacturers to perform desired logic functions within their electronic systems. The company's FPGAs consist of its Stratix, Stratix GX, Stratix II, Cyclone, Cyclone II, APEX, APEX II, FLEX, ACEX, Excalibur, and Mercury families; and CPLDs consist of its MAX, MAX II, and Classic families. Altera also provides HardCopy, HardCopy II, and other masked programmed logic devices; configuration devices; development software, consisting primarily of the Quartus II software; and other tools and intellectual property cores for implementing standard functions in PLD designs. The company's products serve a range of customers within the communications, computer and storage, consumer, and industrial market segments. It markets its products through a network of distributors, independent sales representatives, and direct sales personnel worldwide. Altera was co-founded by Robert Hartmann, Michael Magranet, Paul Newhagen, and Jim Sansbury in 1983. The company has its headquarters in San Jose, Calif.
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