For Release: April 27, 2004
Teamsters Withdraw Proposal Submitted for Altera 2004 Annual Meeting
San Jose, California, April 27, 2004—Altera Corporation (NASDAQ: ALTR) has been informed by the International Brotherhood of Teamsters Affiliates Pension Plan (Teamsters) that the Teamsters have withdrawn their stockholder proposal, which requested that Altera’s Board of Directors establish a policy of expensing in the annual income statement the costs of all future stock options issued by Altera. The proposal was included in Altera’s proxy statement for its annual meeting of stockholders, which will be held on May 11, 2004.
In light of the withdrawal of this proposal by its sponsor, Altera will not count any votes that are received on the proposal.
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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