Altera Corporation (ALTR)
by Zacks Equity ResearchFebruary 10, 2012 | Comments : 0 Recommended this article: (0)
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The company expects revenues from the wireless segment to move lower across multiple geographies due to continued inventory depletion and softening of demand in the second half of 2011. Altera has a large exposure to the telecommunications industry, in particular China.
The recent slowdown in China has adversely impacted the company's business. Therefore, we have downgraded our recommendation to Underperform from Neutral.
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