Magma and Synopsys Agreement Narrows Delaware Case.Magma Maintains Synopsys Products - Including Astro, Design Compiler, IC Compiler, Physical Compiler and PrimeTime - Infringe Magma PatentsSANTA CLARA, Calif. -- Magma[R] Design Automation Inc. (Nasdaq:LAVA) today announced it entered into a joint stipulation with Synopsys Inc. (Nasdaq:SNPS SNPS Space Nuclear Power System ) which focuses the scope of their Delaware patent lawsuit but leaves in place Magma's assertions that its patents are being infringed by key Synopsys products, including Astro, Design Compiler, IC Compiler, Physical Compiler and PrimeTime. The companies' joint stipulation, entered in the U.S. District Court for the District of Delaware, leaves unaffected Magma's assertion that these and other Synopsys products infringe four Magma patents: U.S. Patents 6,505,328, 6,519,745, 6,854,093 and 6,857,116. Also remaining at issue is Synopsys' assertion that Magma infringes one Synopsys patent, U.S. Patent 6,192,508. The companies jointly stipulated to: Synopsys withdrawing infringement claims against Magma with regard to two of the three Synopsys patents at issue; Magma withdrawing infringement claims against Synopsys with regard to one Magma patent at issue; and Magma withdrawing claims of antitrust violation by Synopsys. The joint stipulation is subject to court approval. Filings, court orders and other documents relevant to these matters are available on the Magma website at www.magma-da.com/PatentLitigation.html. About Magma Magma's software for integrated circuit (IC) design is recognized as embodying the best in semiconductor technology. The world's top chip companies use Magma's EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. software to design and verify complex, high-performance ICs for communications, computing, consumer electronics and networking applications, while at the same time reducing design time and costs. Magma provides software for IC implementation, analysis, physical verification Physical verification A procedure auditors use to ensure that inventory recorded in the book is correct by actually checking out the physical inventory. , characterization and programmable logic design, and the company's integrated RTL-to-GDSII design flow offers "The Fastest Path from RTL (Register Transfer Level) A high-level hardware description language (HDL) for defining digital circuits. The circuits are described as a collection of registers, Boolean equations, control logic such as "if-then-else" statements as well as complex event sequences; to Silicon"[TM]. Magma is headquartered in Santa Clara, Calif. with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors LAVA. Visit Magma Design Automation Magma Design Automation (NASDAQ: LAVA) is a software company in the electronic design automation (EDA) industry. The company was founded in 1997 and maintains headquarters in San Jose, California. on the Web at www.magma-da.com. Magma is a registered trademark and "The Fastest Path from RTL to Silicon" is a trademark of Magma Design Automation Inc. All other product and company names are trademarks and registered trademarks of their respective companies. Forward-looking statements: Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including risks inherent in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements. |
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