SOURCE: Actel Corporation

December 11, 2008 13:04 ET

Actel Confirms Fourth Quarter 2008 Guidance

MOUNTAIN VIEW, CA--(Marketwire - December 11, 2008) - Actel Corporation (NASDAQ: ACTL) today released its business update for the fourth quarter of fiscal 2008, which is unchanged from previous guidance:

--  The Company believes that fourth quarter 2008 revenues will be flat to
    down four percent sequentially.  Gross margin is expected to be around 59
    to 60 percent.  Operating expenses are anticipated to come in at
    approximately $29 million, which excludes an estimated $1.8 million of
    stock-based compensation expense.  Other income is expected to be about
    $1.5 million.  The tax provision for the quarter is expected to be a credit
    of approximately $1 million.  Outstanding fully diluted share count is
    expected to be about 25.9 million shares.  The guidance for operating
    expenses does not include the ongoing amortization of intangibles and
    deferred compensation for the acquisition of Pigeon Point Systems of
    approximately $0.7 million or the one-time charge for the reduction in
    force that is expected to be around $3 million.
    

About Actel

Actel is the leader in low-power and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at www.actel.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements in this press release regarding our updated business guidance and intentions are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated in the forward-looking statements. Risk factors that make it difficult for us to accurately predict quarterly revenues include general economic conditions and a variety of risks specific to Actel or characteristic of the semiconductor industry, such as fluctuating demand, intense competition, rapid technological change and related intellectual property and international trade issues, wafer and other supply shortages, and booking and shipment uncertainties. Any failure to meet expectations could cause the price of our stock to decline significantly. We do not assume, and expressly disclaim, any duty to update the forward-looking statements or risk factors.

Editor's Note: The Actel name and logo are registered trademarks of Actel Corporation. All other trademarks and servicemarks are the property of their respective owners.

Contact Information

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