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Altera Slides 5.8% as Estimates Cut

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(ALTR) - Get Altair Engineering Inc. Report

was down 5.8% in preopen


trading after

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Lehman Brothers

said that the specialty chipmaker and its competitor,


(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.