Altera (ALTR +12.19% to $34.41) reported 2Q sales of $464.8M, up 21% QoQ and down 15% YoY. Net income was $162.7M or $0.50 per diluted share compared with net income of $115.8M or $0.35 per diluted share in the 1Q and $214.6M or $0.65 per diluted share in the 2Q of 2011.
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