Altera (ALTR)

Subsequent Events

On October 13, 2008, our Board of Directors declared a quarterly cash dividend of $0.05 per common share, which is payable on December 1, 2008 to shareholders of record on November 10, 2008.

Subsequent to September 26, 2008, an increase and extension of the U.S. Federal Research & Development Tax Credit (R&D Tax Credit) was signed into law as part of the Emergency Economic Stabilization Act of 2008. The R&D Tax Credit has been extended two years through December 31, 2009. We are currently evaluating the impact of this extension on our provision for income taxes and will record the full year 2008 impact of the R&D Tax Credit in the fourth quarter of 2008.

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Subsequent Events

On April 15, 2008, our board of directors declared a quarterly cash dividend of $0.05 per common share which is payable on June 2, 2007 to shareholders of record on May 12, 2008.

On April 17, 2008, we borrowed an additional $150 million under our long-term credit facility.

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Note 15:    Subsequent Events

On January 11, 2008, we entered into an agreement for approximately $21.6 million for the construction of a building adjacent to our current facility in Penang, Malaysia. Completion of the building is expected during the first quarter of fiscal 2009.

On January 29, 2008, our board of directors declared a cash dividend of $0.04 per common share payable on March 3, 2008 to stockholders of record on February 11, 2008.

In January 2008 we entered into foreign exchange forward contracts for approximately $25.9 million to purchase Malaysian ringgit.

On February 14, 2008, we completed the sale of approximately 20 acres of land located in Santa Clara County, California. We received net proceeds of approximately $9.4 million from the sale, and will record a gain of approximately $0.1 million.

On February 22, 2008, we borrowed an additional $100 million under our Long-term credit facility.

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Note 15:    Subsequent Events

Subsequent Events

The Company is currently negotiating a financing commitment letter to provide a long-term credit facility of up to $750 million. If finalized, the company’s current intention is to draw $500 million from this facility and use the proceeds to repurchase its common stock. The company would then intend to repurchase up to a total of $1.5 billion of its common stock from the beginning of 2007 through the first half of 2008.

On July 24, 2007, the company filed with the SEC a Tender Offer Statement on Schedule TO. The company is offering certain optionees the opportunity to amend the stock option grant made on December 20, 2000 to include new restrictions on exercisability in order to limit the potential adverse personal tax consequences that may apply to a portion of the grant under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations issued by the U.S. Internal Revenue Service thereunder.

On July 20, 2007, our board of directors declared a cash dividend of $0.04 per common share for the second quarter of fiscal year 2007, payable on September 4, 2007 to stockholders of record on August 10, 2007.

On July 2, 2007, we implemented a new enterprise resource planning (“ERP”) system.

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