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KEITH LOBO NAMED CHIEF EXECUTIVE OFFICER OF QUICKTURN SYSTEMS

    MOUNTAIN VIEW, Calif., Nov. 16 ~PRNewswire~ -- Keith R. Lobo, f ormer chief operating officer of Chips & Technologies, has joined Quickturn Systems as president, chief executive officer and board member, Quickturn Systems said today.  Lobo succeeds Phil Kaufman, who passed away in July of this year.  Quickturn Systems, founded in 1987, is the recognized market and technology leader of hardware emulation systems.
    Acting Chief Executive Officer and Board Member Bill Harding stated, "Keith's many strengths complement those of our existing management team.  He has broad experience in product development, general management and international operations, gained at three leading Silicon Valley companies:  Chips & Technologies, LSI Logic, and Fairchild. Additionally, Keith is well regarded and respected by the EDA industry. Company executives and the board of directors look forward to Keith's leadership and strategic direction as Quickturn continues its rapid growth."
    Lobo, 40, started his electronics career in 1979 with Fairchild Camera and Instrument Corp., one of the pioneers in Silicon Valley electronics.  In 1981 he joined LSI Logic as a member of the early start-up team.  He held several positions there, including vice president of the New Product Division, bringing the company into several new markets including CAD; he later became vice president and general manager of the Microprocessor Division, beginning LSI's move into the RISC microprocessor arena.
    For the past four years, Lobo was the chief operating officer of Chips & Technologies.  His responsibilities there included management of sales, marketing, manufacturing, international operations, CAD, high-end system logic, and microprocessor product lines.
    Lobo studied electrical engineering at Stevens Institute of Technology, New Jersey, where he earned an MSEE degree.  He also holds an MBA from the University of Wisconsin at Madison, and serves on the board of directors of the San Jose Symphony orchestra.
    "I am very pleased to be a part of a 'market maker' like Quickturn, a company which has created an entirely new market through its vision and innovation," remarked Lobo.  "We intend to expand our leadership in the system emulation area by continuing to bring products to market that give our customers the fastest turnaround of their new product designs. This is accomplished by running the applications environment on the emulated design prior to manufacturing the actual product.  The market impact of this technology will be global and macro."
    Quickturn Systems, a privately held company, recently completed four consecutive quarters of profitability.  The worldwide announcement of the Enterprise Emulation System(TM), based on a new hardware architecture and containing new software and a custom interconnect chip, was made Oct. 26.  The new system has already been shipped to several leading companies in the United States and overseas.
    Quickturn Systems Inc. is the pioneer of computer-aided prototyping and developer of the first reprogrammable hardware emulation system. Quickturn's hardware emulation systems enable design verification for systems using ASICs or full-custom chips, thereby reducing project risk, lowering development costs, and shortening time to market.
    The company is headquartered at 325 E. Middlefield Road, Mountain View, CA 94043.  Telephone: 415-967-3300.  Sales offices are located throughout the United States and Europe; sales in Japan are handled through a local distributor.
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    CONTACT:  Nanette Sisk of Quickturn Systems, 415-967-3300; or Marion Kenefick, public relations counsel for Quickturn Systems, 408-354-1183 CO:  QUICKTURN SYSTEMS INC. IN:  CPR SU:  PER ST:  CA


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Date:Nov 16, 1992
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