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Actel Corp (907687) SEC Filing 10-K Annual report for the fiscal year ending Sunday, January 2, 2005

Actel Corp

CIK: 907687
 

Exhibit 99.1

Contact: Jon Anderson, Actel Corporation (650) 318-4445

For Release: March 10, 2005 @ 1:30 P.M. PST

ACTEL CORPORATION ANNOUNCES FIRST QUARTER BUSINESS UPDATE

     Mountain View, Calif. — March 10, 2005 — Actel Corporation (NASDAQ: ACTL) today released its business update for the first quarter of fiscal 2005.

     Actel believes that first quarter revenues will increase sequentially in the mid single digit range. Gross margin is expected to be about 59%. Operating expenses are anticipated to come in at approximately $24.4 million. Other income will be about $0.8 million. The tax rate for the quarter is anticipated to be approximately 10%. Share count is expected to be around 26.2 million shares.

     The statements above are forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and should be read with the “Risk Factors” in Actel’s most recent Forms 10-K and 10-Q. Actel’s quarterly revenues and operating results are subject to a multitude of risks, including general economic conditions and a variety of risks specific to Actel or characteristic of the semiconductor industry, such as fluctuating demand, intense competition, rapid technological change and related intellectual property and international trade issues, wafer and other supply shortages, and booking and shipment uncertainties. These and the other Risk Factors make it difficult for Actel to accurately project quarterly revenues and operating results, and could cause actual results to differ materially from those projected in the forward-looking statements. Any failure to meet expectations could cause the price of Actel’s stock to decline significantly.

     No conference call will be held in conjunction with this business update. Actel’s first quarter financial results will be released on April 26, 2005.

Editor’s Note: The Actel name and logo are trademarks of Actel Corporation.


The following information was filed by Actel Corp on Thursday, March 10, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
CIK: 907687
Form Type: 10-K Annual Report
Accession Number: 0000950134-05-004747
Submitted to the SEC: Fri Mar 11 2005 3:51:11 PM EST
Accepted by the SEC: Fri Mar 11 2005
Period: Sunday, January 2, 2005
Industry: Semiconductors And Related Devices

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