For Release: November 2, 1998
Altera Establishes University Partnership Program to Encourage Academic Excellence in Electrical Engineering
- Students from Top Electrical Engineering Universities to Receive Scholarships, Fellowships
- Altera to Donate in Excess of a Half-Million Dollars Annually
San Jose, Calif., November 2, 1998--Altera Corporation (Nasdaq:ALTR) today announced the establishment of a University Partnership Program (UPP), a scholarship program that seeks to encourage academic activity in the fields of electrical engineering and computer science. Total annual funding for this program exceeds one-half-million dollars. Qualified students from 12 top electrical engineering universities in North America and the United Kingdom will be eligible to receive undergraduate scholarships, graduate research fellowships, or grants from Altera to encourage their studies.
"This program will provide financial assistance for academically outstanding undergraduates and graduates planning to enter electrical engineering and computer science related disciplines," said Rodney Smith, Altera's president and CEO. "By providing these funds, Altera seeks to enhance the educational experiences of students and assist their academic pursuits in engineering."
Students from the following universities will be eligible to apply for the UPP undergraduate scholarships and graduate research fellowships and grants: Cambridge University, Carnegie Mellon University, Cornell University, Imperial College, Massachusetts Institute of Technology, Oxford University, Stanford University, University of California-Berkeley, University of California-Los Angeles, University of Illinois, University of Texas-Austin, and University of Toronto. The 12 UPP universities comprise many of the top electrical engineering programs in the world. The eight domestic universities rank in the top 15 of U.S.-based electrical engineering programs, as determined by the Gourman Report, an annual survey of undergraduate programs.
Eligibility Requirements
Junior and senior electrical engineering and computer science majors with a 3.5-or-better grade point average may apply for the UPP undergraduate scholarships. Those applying from American universities must be United States citizens or permanent residents. Candidates will submit essays on how a UPP scholarship will help their education, as well as letters of recommendation from faculty, and an outline of their career goals in electrical engineering or computer science.
Interested electrical engineering and computer science graduate students associated with faculty conducting research, applicable to programmable logic, may also apply for research funding. Graduate students from U.S. universities must be United States citizens or permanent residents. In conjunction with faculty, qualified students may submit specific project proposals outlining their areas of research. This might include novel applications for programmable logic devices (PLDs) and general research geared toward PLD industry objectives.
A selection committee comprising Altera's senior technical management will review the applications and determine the award recipients. For more information on the University Partnership Program, contact UPP@altera.com.
Safe Harbor Notice
This press release contains "forward looking statements" which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements are generally preceded by words such as "expects," "believes," "anticipates," "projects," or "intends." Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty, including without limitation the risks that the Company's products will not satisfy customer demands, that other companies will develop products with higher densities than those offered by the Company, and that yields will not be sufficient to support projected pricing. Please refer to the Company's Securities and Exchange Commission filings, copies of which are available from the Company without charge, for further information.
About Altera
Altera Corporation, The Programmable Solutions Company™, was founded in 1983 and is a worldwide leader in high-performance, high-density programmable logic devices and associated computer aided engineering (CAE) logic development tools. Programmable logic devices are semiconductor chips that offer on-site programmability to customers. The chips are programmed using tools that run on personal computers or engineering work stations. User benefits include ease of use, lower risk, and fast time-to-market. The company offers the broadest line of CMOS programmable logic devices that address high-speed, high-density, and low-power applications. Altera products serve a broad range of markets, including telecommunications, data communications, computer peripherals, and industrial applications. Altera common stock is traded on the Nasdaq Stock Market under the symbol ALTR.
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