Skip to main content

Altera Slides 5.8% as Estimates Cut

  • Author:
  • Publish date:

Altera

(ALTR) - Get Altair Engineering Inc. Report

was down 5.8% in preopen

Island

trading after

Scroll to Continue

TheStreet Recommends

Lehman Brothers

said that the specialty chipmaker and its competitor,

Xilinx

(XLNX) - Get Xilinx Inc. Report

are unlikely to make revenue targets due to slowing demand in November.

Xilinx was down 4.1%. Lehman cut its earnings estimates for both companies.