For Release: October 21, 2002
Altera Increases Share Repurchase Authorization
San Jose, Calif., October 21, 2002 -- Altera Corporation (NASDAQ: ALTR) today announced that its Board of Directors has approved an increase in the number of shares authorized for repurchase under the company's share repurchase program from 48.0 million to 68.0 million shares. Under the program, which was previously authorized by the Board of Directors, shares may be purchased in the open market from time to time at the discretion of the company's management. Since the initiation of the share repurchase program in 1996, Altera has repurchased 44.9 million shares at a cost of $1.0 billion.
About Altera
Altera Corporation (Nasdaq: ALTR) is the world's pioneer of system-on-a-programmable-chip (SOPC) solutions. Combining programmable logic technology with software tools, intellectual property, and technical services, Altera provides high-value programmable solutions to approximately 14,000 customers worldwide. More information is available at http://www.altera.com.
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