EXHIBIT 99.1
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| Media Contact: | | Investor Contact: |
| Anna del Rosario | | Scott Wylie |
| Director, Corporate Communications | | Vice President, Investor Relations |
| (408) 544-6397 | | (408) 544-6996 |
| newsroom@altera.com | | swylie@altera.com |
GE Veteran Timothy Morse Joins Altera as Chief Financial Officer
San Jose, Calif., January 15, 2007—Altera Corporation (NASDAQ: ALTR) today announced that Timothy R. Morse, a 15-year veteran of General Electric Company (GE), joins the company as senior vice president and chief financial officer. Morse will report to John Daane, Altera’s president and CEO.
“Tim brings a wealth of experience from one of the world’s most admired companies,” said Daane. “His leadership and international experience will be of great value to Altera as we continue to penetrate new markets and grow market share.”
Morse comes to Altera with a career-long history of finance and general management at GE. Most recently, he served as chief financial officer and general manager of business development, GE Plastics. He has held a variety of other positions at GE Plastics, GE Appliances, and GE Capital in North America, Europe, and Asia. Morse holds a BS degree from Boston College Carroll School of Management.
“Altera is at the forefront of a very exciting, high growth industry,” said Morse. “The company’s reputation of operational excellence and customer-driven culture are key strengths I look forward to leveraging. I’m thrilled to be joining the company and to being part of an exceptional leadership team.”
About Altera
Altera’s programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more at www.altera.com.
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Altera, The Programmable Solutions Company, the stylized Altera logo, specific device designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of Altera Corporation in the U.S. and other countries. All other trademarks are properties of their respective owners.
