Chipmaker Altera’s quarterly revenue below expectations

SAN FRANCISCO (Reuters) – Altera Corp posted revenue slightly below expectations in the first quarter and the programmable chipmaker said it was beginning to see a recovery from a dip in demand from its communications and industrial customers. Altera said on Thursday its first-quarter sales were $410.5 million, up 7 percent from the year-ago quarter. It projected sales in the current quarter to be between flat and up 4 percent compared to the first quarter. …

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Chipmaker Altera’s quarterly revenue below expectations

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