Avant's Entry into Formal Verification "Won't Hurt Synopsys".Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. analyst Erach Desai believes that Chrysalis chrysalis (krĭs`əlĭs): see pupa. Symbolic Design Inc had revenues of around $15m in calendar 1998, and that Avant! Corp paid around $60m in stock to acquire the company earlier this week (CI No 3,655).
Chrysalis pioneered the formal verification
In the context of hardware and software systems, formal verification market, but according to Desai its market share dropped from a 64% share in 1997 to 42% in 1998. The primary reason for the drop was Synopsys Inc's entry into the market in February 1998 with its Formality product line, which took it from a standing start to a 41% market share in 1998. Avant! got a bargain, Desai thinks, but it nevertheless faces the task of integrating the technology with the products it acquired from VLSI Technology Inc's Compass Design Automation subsidiary in 1997 (CI No 3,217). Avant! will also need to develop new sales channels for the product.
CSFB CSFB Credit Suisse First Boston
CSFB Cyclically Shifted Filter Bank believes the formal tools market will grow 60% to about $50m this year, and is looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a 50% growth in Synopsys' Formality business - which, however, is only likely to account for around 4% of the company's fiscal 1999 product revenue. It believes Avant's foray into this "front-end" market will not seriously impact Synopsys' performance.