Altera, which supplies FPGA, CPLD and ASIC devices, has trimmed its third quarter 2011 sales guidance. The company currently expects third quarter sales to be in the range of down 3 percent to up 1 percent versus second quarter sales. Previous guidance was for sales growth of 2 percent to 6 percent.
Altera cited weaker that expected demand several vertical markets including telecom and wireless, particularly outside Asia, as well as industrial automation, military, and test markets. http://www.altera.com
