Altera Expects Q2 Sales to be in Line with Previous Guidance of 0% to 5% Sequential Growth

Altera Corporation ALTR today announced updated second quarter 2011 sales guidance. The company currently expects that sales for the second quarter will be in line with its previous guidance for flat to up five percent sequential growth. The company continues to believe that the Telecom and Wireless vertical market will be up sequentially, while the company's other vertical markets will be flat to down.