Auriga is downgrading Altera (ALTR) to Hold, claiming its checks suggest order declines and...

|About: Altera Corporation (ALTR)|By:, SA News Editor
Auriga is downgrading Altera (ALTR) to Hold, claiming its checks suggest order declines and customer inventory burn have continued since the company's mid-quarter guidance cut. The firm also expects Altera to aggressively ramp R&D spending in 2012. Auriga downgraded Altera's chief rival, Xilinx (XLNX), ten days ago.