For Release: June 25, 1998
Altera Announces Increase of Share Repurchase Program
SAN JOSE, CALIF., June 25, 1998 - Altera Corporation (Nasdaq: ALTR) today announced that it has increased from 2,000,000 to 6,000,000 the number of shares of the Company's common stock authorized for repurchase under its share repurchase program. Under the program, which was previously authorized by the Board of Directors, the shares may be purchased in the open market from time to time at the discretion of the Company's management.
Altera Corporation, founded in 1983, is a world-wide leader in high-performance, high- density programmable logic devices and associated computer aided engineering (CAE) logic development tools. Programmable logic devices are semiconductor chips that offer on-site programmability to customers. The chips are programmed with tools that run on personal computers or engineering workstations. User benefits include ease of use, lower risk, and fast time-to-market. The Company offers the broadest line of CMOS programmable logic devices that address high-speed, high-density, and lower power applications. Altera products serve a broad range of market areas, including telecommunications, data communications, computers, and industrial applications. Altera common stock is traded on The Nasdaq Stock Market using the symbol ALTR.
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