Altera (ALTR +12.1%) surges after investors decide its weak earnings and guidance are more about...

|About: Altera Corporation (ALTR)|By:, SA News Editor

Altera (ALTR +12.1%) surges after investors decide its weak earnings and guidance are more about inventory issues than customer demand, and is bringing rivals Xilinx (XLNX +2.8%), Lattice (LSCC +5%), and QuickLogic (QUIK +3.7%) along for the ride. Meanwhile, Sandisk's (SNDK +7.8%) results are lifting flash memory firms Micron (MU +3%) and Spansion (CODE +3.3%).