For Release: September 13, 2004
Altera Increases Share Repurchase Authorization
San Jose, California, September 13, 2004—Altera Corporation (NASDAQ: ALTR) today announced that its board of directors has approved a 10 million share increase to the number of shares authorized for repurchase under the company’s share repurchase program. There are now 21.9 million shares authorized by the board of directors for repurchase. Under the program, which was previously authorized by the board of directors, shares may be purchased in the open market from time to time at the discretion of the company’s management. Since the initiation of the share repurchase program in 1996, Altera has repurchased 66.1 million shares at a cost of $1.4 billion.
About Altera
Altera Corporation (NASDAQ: ALTR) is the world’s pioneer in system-on-a-programmable-chip (SOPC) solutions. Combining programmable logic technology with software tools, intellectual property, and technical services, Altera provides high-value programmable solutions to approximately 14,000 customers worldwide. More information is available at www.altera.com.
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