Daane

At Altera Corp., a semiconductor technology company in San Jose, CEO John Daane got a $3 million cash bonus in fiscal 2010, up from $520,000 in 2009.

Bonuses Spring Back For Technology CEOs Pui-Wing Tam 2011

At Altera Corp., a semiconductor technology company in San Jose, CEO John Daane got a $3 million cash bonus in fiscal 2010, up from $520,000 in 2009.

Bonuses Spring Back For Technology CEOs Pui-Wing Tam 2011

"I just don't see anything that has happened near term or from what I've heard from announcements of competitors that I think changes the momentum that we have in the marketplace," Daane told analysts during a conference call.

UPDATE 3-Chipmaker Altera says to outpace industry | Reuters 2011

John Daane, president, chief executive officer, and chairman of the board.

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At the fourth quarter earnings call, Altera's CEO, John Daane

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At the third quarter earnings call, Altera's Chairman & CEO, John Daane, noted disappointing performance:

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CEO John Daane described cuts in orders from customers as they prepared for a worsening of their businesses based on global economic unease: We had expected broad-based end market growth for the third quarter, but instead saw customers aggressively reduce inventory due to concerns over the global economy along with a downturn in some end businesses ...

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As usual, in comparing programmability and NRE levels for FPGAs and ASICs, Daane did not discuss the growing programmability of ASICs and ASSPs, the increasing use of programmable accelerators, or the fact that the vast majority of ASIC and ASSP design costs are incurred for tasks-such as architectural and RTL design, verification, and software development-that must also be done, at essentially the same cost, for an FPGA.

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So Daane projected what he called a fundamental reset: growth of 1-3 percent for the semiconductor industry overall, but substantial contraction in the ASIC and ASSP businesses, which depend heavily on consumer electronics and PC sales.

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Daane also said, in answer to a different question, that in the automotive industry Altera is only focusing on applications within the cab, not contesting against ASICs for applications in the drive train, for example.

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