SOURCE: Actel Corporation

October 17, 2007 15:00 ET

Actel Corporation Announces Q3 FY2007 Conference Call

MOUNTAIN VIEW, CA--(Marketwire - October 17, 2007) - Actel Corporation (NASDAQ: ACTL) has scheduled a conference call to discuss the Company's revenues for its third fiscal quarter on Tuesday, October 23, 2007, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time.

Actel will release third quarter 2007 revenue results at approximately 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on October 23, 2007. The conference call is being webcast by Thompson Financial and can be accessed via Actel's website at http://www.actel.com. For access to the live conference call, dial 1-800-374-1339, Conference ID # 5966336. A recording of the call will be available two hours after the completion of the call. To access the recording, call 1-800-642-1687, Conference ID # 5966336. The call recording will be archived until October 30, 2007, and the webcast will be archived until November 6, 2007.

As previously announced, a Special Committee of Actel's Board of Directors, composed of independent directors and assisted by independent counsel, was appointed on September 22, 2006, to review the Company's historical stock option grant practices and related accounting. On January 18, 2007, Actel's management concluded that investors should no longer rely on the Company's financial statements and the related reports or interim reviews of Actel's independent registered public accounting firm and all earnings press releases and similar communications issued by the Company for fiscal periods commencing on or after January 1, 1996. Working with its independent registered public accounting firm, Actel is evaluating corrections to measurement dates and other related accounting issues and is quantifying the financial and tax impact of those corrections and related issues. In lieu of amending its prior filings with the SEC to restate financial statements, the Company intends to include in its Form 10-K for the year ended December 31, 2006, the comprehensive disclosure outlined in guidance posted by the SEC Chief Accountant's Office on January 16, 2007. Actel will not announce full financial results for the third quarter of 2007 until it files a Form 10-Q. The Company intends to become current in its delinquent SEC periodic reports, file any required restatements, solicit proxies, and hold an annual shareholders' meeting as soon as practicable.

About Actel

Attacking power consumption at both the chip and the system levels, Actel Corporation's innovative FPGAs and programmable system chip solutions enable power-efficient design. The company is traded on the NASDAQ National Market under the symbol ACTL and is headquartered at 2061 Stierlin Court, Mountain View, Calif., 94043-4655. For more information about Actel, visit http://www.actel.com.

Contact Information

  • Contact:
    Jon Anderson
    Actel Corporation
    (650) 318-4445