Altera's CEO sees parallels to '08 downturn
Dylan McGrath, EETimes
10/21/2011 1:43 AM EDT
SAN FRANCISCO—Programmable logic vendor Altera Corp. Thursday (Oct. 20) reported third quarter sales that came in below analysts' expectations and the company's own revised guidance, with CEO John Daane saying customers are burning through existing inventories in a manner reminiscent of the downturn of 2008.
John Daane, who is also Altera's president, said in a conference call with analysts following the third quarter report that customers are holding back on purchases, burning inventories below normal levels in anticipation of potential business changes.
To read the full article, click here
Related Semiconductor IP
- NPU IP
- JPEG XL Encoder
- I2C Master/Slave Controller Core
- NVMe Validation Test Suite
- Hybrid Memory Cube Verification IP
Related News
- Downturn cuts inSilicon's sales, results in loss
- Embedded 16-bit MPU Market Headed for Downturn in 2005
- Foundries face inventory correction, then downturn
- Tool vendors dispute report of downturn in ESL
Latest News
- GF unveils roadmap to deliver the world’s most advanced FD-SOI platform for Physical AI
- GlobalFoundries marks Dresden expansion milestone, announces next-generation platform for Physical AI
- TSMC September 2026 Revenue Report
- Lattice Collaborates with Arm to Advance Secure, Adaptable AI Data Center Infrastructure
- ZLG Selects CAST CAN XL and TSN IP for Next-Generation Vehicle-Network Development and Test Tools