Altera posts lower 3Q profit, revenue

[news]

<p>SAN JOSE, Calif. -- Chip maker Altera Corp. said Tuesday its third-quarter profit tumbled 40 percent as businesses remained cautious on technology spending, but noted that market conditions "improved steadily during the quarter." The company earned $56.7 million, or 19 cents per share, in the three months ended Sept.</p>

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