Actel Corporation Announces Second Quarter Business Update
Mountain View, Calif. – June 9, 2005 – Actel Corporation (NASDAQ: ACTL) today released its business update for the second quarter of fiscal 2005, confirming its previous guidance.
Actel believes that second quarter revenues will be flat sequentially or up slightly. Gross margin is expected to be about 59%. Operating expenses are anticipated to come in at approximately $24.7 million. Other income will be about $0.8 million. The tax rate for the quarter is anticipated to be approximately 10%. Share count is expected to be about 25.6 million shares.
The statements above are forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and should be read with the “Risk Factors” in Actel’s most recent Forms 10-K and 10-Q. Actel’s quarterly revenues and operating results are subject to a multitude of risks, including general economic conditions and a variety of risks specific to Actel or characteristic of the semiconductor industry, such as fluctuating demand, intense competition, rapid technological change and related intellectual property and international trade issues, wafer and other supply shortages, and booking and shipment uncertainties. These and the other Risk Factors make it difficult for Actel to accurately project quarterly revenues and operating results, and could cause actual results to differ materially from those projected in the forward-looking statements. Any failure to meet expectations could cause the price of Actel’s stock to decline significantly. N
o conference call will be held in conjunction with this business update. Actel’s second quarter financial results will be released on July 26, 2005. Editor’s Note: The Actel name and logo are trademarks of Actel Corporation.
|
Microsemi Hot IP
Related News
- Lattice Semiconductor Announces Business Update for Second Quarter; Raises Revenue Guidance
- Actel Corporation Announces Third Quarter Business Update
- Actel Corporation Announces First Quarter Business Update
- Actel Corporation Announces Revised Fourth Quarter Business Update
- Actel Corporation Announces Fourth Quarter Business Update
Breaking News
- Arm revenues up 47%; shares fall
- Sondrel awarded new Video Processor ASIC design and supply contract for a leading provider of High-Performance Video systems
- X-Silicon Announces a NEW Low-Power Open-Standard Vulkan-Enabled C-GPU™ - a RISC-V Vector CPU Infused with GPU ISA and AI/ML acceleration in a Single Processor Core
- Softbank reported to be in talks to buy Graphcore
- VESA Elevates PC and Laptop HDR Display Performance with Updated DisplayHDR Specification
Most Popular
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- Fabless semiconductor startup Mindgrove launches India's first indigenously designed commercial high-performance MCU chip
- sureCore announces successful tape-out of cryogenic IP demonstrator
- Siemens delivers end-to-end silicon quality assurance for next-generation IC designs with new Solido IP Validation Suite
- Announcing Availability of Silicon-Proven 12bit 1Msps SAR ADC IP Core for Whitebox Licensing with Royalty Free
E-mail This Article | Printer-Friendly Page |