Mentor sales rise, profit falls.WILSONVILLE, OR -- Mentor Graphics Mentor Graphics, Inc (NASDAQ: MENT) is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics, as of 2004, ranked third in the EDA industry it helped create. posted a 7% year-on-year increase in revenue for the first quarter of 2006, but showed a 33% increase in losses compared to the year-ago quarter. Thanks in part to the strength of its Calibre IC tool line, Mentor's Q1 sales rose to $176.3 million, up from $164.3 million during Q1 2005. The firm lost $5.9 million in the first quarter of 2006, compared to a loss of $4.4 million for the same period a year ago. "Results in the first quarter were driven by customer ramp-up of advanced semiconductor designs at 90nm and 65nm, plus initial prototyping at 45nm. Semiconductor companies are expanding leading-edge capacity, which is good news, especially for Calibre design-for-manufacturing products," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Walden C. Rhines. "Customer adoption of new products was evident in the quarter, as two-thirds of the value of our top ten orders was from the addition of new products to existing contracts." Compared to Q1 of last year, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. bookings grew about 55%, Europe grew 35%, Japan was up nearly 90% and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. was up over 70%. Mentor expects revenue of approximately $177 million for the second quarter, and revenue of about $762 million for the full year 2006. In other news, Mentor is sponsoring the laboratory at the Moscow Institute of Electronic Technology Moscow Institute of Electronic Technology (Russian: Московский государственный in Zelenograd, Russia. The school is one of the leading Russian universities preparing specialists in electronic systems design. The company's contribution to the school includes software and hardware, training materials and scholarship funding. The new center plans to start offering courses in September, focused on printed circuit board/system design and hardware description language (language) Hardware Description Language - (HDL) A kind of language used for the conceptual design of integrated circuits. Examples are VHDL and Verilog. design and verification. Later courses will address mixed-signal custom integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for design and verification. Mentor design tools were provided under the company's Higher Education Program, which makes Mentor's design tools available to colleges and universities for classroom instruction and academic research. |
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