Monday, July 23, 2007

UPDATE 1-Altera profit rises slightly as costs fall

(Reuters) - The company, which makes chips used in telecommunications
gear, industrial equipment and consumer electronics, said
second-quarter net profit was $80.5 million, or 22 cents per
share, compared with $77.3 million, or 21 cents per share, a
year earlier.




Net income was boosted, in part, by a reduction in costs
from the year-ago quarter and a rise in interest and other
income.


Read more at Reuters.com Market News

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