Actel Corporation Announces Business Update

MOUNTAIN VIEW, Calif., Sept. 11 /PRNewswire-FirstCall/ -- Actel Corporation today released its business update for the third quarter of fiscal 2003.

Actel believes that third quarter revenues will grow in the mid single digit range. Gross margin is expected to be about 60%. Operating expenses are anticipated to come in at approximately $21.4 million. Other income will be about $0.7 million. The tax rate for the quarter is expected to be about 7%. Share count is expected to be approximately 27.3 million shares.

The statements above are forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and should be read with the "Risk Factors" in Actel's most recent Forms 10-K and 10-Q. Actel's quarterly revenues and operating results are subject to a multitude of risks, including general economic conditions and a variety of risks specific to Actel or characteristic of the semiconductor industry, such as fluctuating demand, intense competition, rapid technological change and related intellectual property and international trade issues, wafer and other supply shortages, and booking and shipment uncertainties. These and the other Risk Factors make it difficult for Actel to accurately project quarterly revenues and operating results, and could cause actual results to differ materially from those projected in the forward-looking statements. Any failure to meet expectations could cause the price of Actel's stock to decline significantly.

No conference call will be held in conjunction with this business update. Actel's third quarter financial results will be released on October 22, 2003.

NOTE: The Actel name and logo are trademarks of Actel Corporation. All other trademarks and servicemarks are the property of their respective owners.

CONTACT: Jon Anderson of Actel Corporation, +1-650-318-4445

Web site: http://www.actel.com/




Review Article Be the first to review this article
Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Job Openings: Can EDA Predict the Future
More Editorial  
Jobs
Technical Support Engineer for EDA Careers at Freemont, CA
Technical Support Engineer Germany/UK for EDA Careers at San Jose, CA
Lead Java Platform Engineer IOT-WEB for EDA Careers at San Francisco Area, CA
Test Development Engineer(Job Number: 17001697) for Global Foundaries at Santa Clara, CA
ASIC Design Engineer for Ambarella at Santa Clara, CA
Senior FPGA Designer for Fidus Electronic Product Development at Fremont, CA
Upcoming Events
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017
DVCon 2017 China, April 19, 2017, Parkyard Hotel Shanghai, China at Parkyard Hotel Shanghai Shanghai China - Apr 19, 2017
Zuken Innovation World 2017 at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy