Wednesday December 5, 4:39 pm ET Altera Corp. said Wednesday it will cut 65 positions from its 2,700-person work force and take up to about $6 million in restructuring charges.
My VP was illustrating this in the meeting just now. Everyone was quietly listening to him till a Doreamon ringtone attracting everyone's attention. Oppppzzz... (Sometimes, it is good just to leave your handphone in the cube, like what I always do, though Donkoi will scold me when he can not reach me.)
San Jose-base Altera (NASDAQ:ALTR - News) said sales into the consumer market are somewhat weaker than anticipated but sales into the communications market are stronger than expected.
The semiconductor company estimated that annual savings from its restructuring will be about $10 million per year.
No further details on the job cuts were provided.
Published December 5, 2007 by the Silicon Valley / San Jose Business Journal
My VP was illustrating this in the meeting just now. Everyone was quietly listening to him till a Doreamon ringtone attracting everyone's attention. Oppppzzz... (Sometimes, it is good just to leave your handphone in the cube, like what I always do, though Donkoi will scold me when he can not reach me.)