Altera to incur restructuring charges in Q4; cuts 65 jobs

miércoles 5 de diciembre de 2007 22:25 CET

Dec 5 (Reuters) - Altera Corp ALTR.O said it will incur restructuring charges of $4 million to $6 million in the fourth quarter as a result of lease terminations and modifications and the elimination of about 65 positions.

The company reaffirmed its fourth-quarter sales forecast of flat to 4 percent lower compared with the third quarter. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Deepak Kannan)