First half cash flow from operating activities was $226.8 million. Altera repurchased 65,000 shares of its common stock during the second quarter at a cost of $1.4 million. To date during the third quarter, Altera has repurchased an additional 526,000 shares at a cost of $10.4 million. Altera ended the second quarter with $1.2 billion in cash and investments.

Altera's board of directors has declared a quarterly dividend of $0.05 per share payable on September 2, to shareholders of record on August 11.

"The second quarter exceeded our expectations for growth and profitability. Our 90-nm FPGAs were the largest growth drivers and 65-nm FPGA sales more than doubled sequentially, leading to FPGA growth of 18 percent year over year. The combination of solid top line growth, continued gross margin improvement, and lower than planned operating expense created significant operating leverage and a very strong operating margin," said John Daane, president, chief executive officer, and chairman of the board. "We are on schedule to ship the industry's first 40-nm Stratix IV FPGAs later this year, the result of work we began several years ago to accelerate the availability of 40-nm programmable logic devices. The architectural and process leadership that these products represent will further strengthen our competitive position and growth prospects over the next several years."

Altera's third quarter business update will be issued in a press release available after the market close on September 2.

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Altera's programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more at www.altera.com.

Altera, The Programmable Solutions Company, the stylized Altera logo, specific device designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of Altera Corporation in the U.S. and other countries.

SOURCE: Altera Corporation

Altera Corporation
Scott Wylie, 408-544-6996 (VP - Investor Relations)
swylie@altera.com

The RXP provides the ability to perform complex regular expression processing up to 20Gb/s on an FPGA fabric. It is unique since it offers complete flexibility to the customer, both for low-cost requirements as well as high-performance, computationally intensive tasks. This flexibility allows for both on-chip and off-chip memory, depending on the number of rules to be implemented. The novel parallel, concurrent architecture allows true 20Gb/s throughput for POSIX/PCRE compatible regular expressions. It facilitates applications such as Intrusion Detection and Prevention, Anti-virus, Anti-spam, Content/URL filtering and Application Detection.

"The combination of an Altera Stratix Series FPGA with high-performance regular expression processing is well suited to the continuously changing requirements of the content processing market," said Arun Iyengar, senior director of Altera's communications business unit. "The RXP technology takes advantage of parallel processing, which enables it to scale to extremely high speeds, while offering scalability to be optimized for various market requirements."

Titan IC Systems and Altera will be demonstrating the RXP at the NXTcomm trade show in Las Vegas on 16 - 19th June 2008. Anyone interested in seeing a demonstration of the system and learning more about its capabilities is invited to come to the Titan IC Systems booth (SL1909).

About Titan IC Systems Ltd

Titan IC Systems is a leading technology innovator in the area of regular expression for content processing. It has developed a unique capability offering a flexible, yet high-performance solution for content processing for next-generation high-speed networks. Titan IC Systems has its headquarters in Belfast, Northern Ireland and a U.S. office in Sunnyvale, CA.

Altera, The Programmable Solutions Company, the stylized Altera logo, specific device designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of Altera Corporation in the U.S. and other countries. All other product or service names are the property of their respective holder.

SOURCE: Titan IC Systems Ltd.

Titan IC Systems Ltd.
Godfrey Gaston, CEO, +44 (0)28 9097 1717
Fax: +44(0)28 90971702
G.Gaston@titanicsystems.com
www.titanicsystems.com

This is a very important milestone for Titan IC Systems, said Godfrey Gaston, CEO of Titan IC Systems. After a number of years of intense product development, we are delighted to be able to offer a unique solution to the real, complex problem of performing true regular expression processing at 20Gb/s on an FPGA fabric. Feedback from prospects has been overwhelming we are clearly providing a capability that meets their performance requirements. The support from Altera has played a key role in the development process.

The company stated that the RXP provides the ability to perform complex regular expression processing up to 20Gb/s on an FPGA fabric. Its flexibility allows for both on-chip and off-chip memory, depending on the number of rules to be implemented. The parallel, concurrent architecture allows true 20Gb/s throughput for POSIX/PCRE compatible regular expressions. It facilitates applications such as Intrusion Detection and Prevention, Anti-virus, Anti-spam, Content/URL filtering and Application Detection.

The combination of an Altera Stratix Series FPGA with high-performance regular expression processing is well suited to the continuously changing requirements of the content processing market, said Arun Iyengar, senior director of Altera s communications business unit. The RXP technology takes advantage of parallel processing, which enables it to scale to extremely high speeds, while offering scalability to be optimized for various market requirements.

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