Posts Tagged ‘Wally Rhines’
Monday, November 14th, 2016
If you were watching Seattle beat New England last night, and not the news, you missed it: The rumor that Munich-based Siemens would buy Wilsonville-based Mentor Graphics.
This morning, of course, it’s no longer a rumor. The players themselves have announced that the deed is done.
Per the Press Release, “Siemens and Mentor Graphics today announced that they have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion.”
Wow, talk about just in the nick of time.
Thursday, October 6th, 2016
In July 2008 and with much fanfare, Cadence declared its intention to purchase Mentor Graphics. The Cadence executive team was so confident the purchase would go through, then-CFO Bill Porter declared during an analysts’ call at the time: This acquisition is going to happen, Mentor needs us. Accept it and move on.
Well, people did move on. By September 2008, Cadence CEO Mike Fister, CFO Porter and the entire executive team had indeed moved on. CDNS Board member Lip-Bu Tan was named acting CEO and here, 8 years later, he continues to serve in that role.
* Results: Mentor stock in May 2008 was at about $11.50/share, by June 2008 it had moved to $16, by October 2008 it was down to less than $8, and by March 2009 was barely above $4. Ouch.
Thursday, June 30th, 2016
Exuberance and Optimism: the only two words required to describe EDA-Careers’ Mark Gilbert – even after 20 years in the trenches sorting out the who what and where of just about everybody in the EDA industry. Yes, he self-identifies as the fun guy in the white suit, seen hither and yon wherever the EDA Nation chooses to confab, but in reality he’s the good guy in the white hat who’s going to tell it to you straight, about your career and your goals.
Also by his own description, Mark Gilbert is “the big fish in a little pond” who serves as the leading head hunter and career counselor extraordinaire of EDA.
I was lucky enough to speak with Gilbert by phone this week. As he and I were both on the East Coast, coordinating the hour of the call was easy. Our conversation started with the usual query: How did you get started in this business?
Tuesday, June 7th, 2016
A big 10-gallon hats-off to Charles Alpert & Team for injecting fresh creativity and energy into the 53rd annual Design Automation Conference. Those who knew little about Alpert, and I’m among those few, were overwhelmed by the DAC General Chair and Host of the Opening Session who took the stage Monday morning in Austin.
Straightaway, Charles shed his corporate persona in favor of his Texas roots, welcomed us all to his home town, asked that we call him Chuck, offered photos and first names only of the entire DAC Executive Committee, showed us a map of a new and innovate layout for the DAC Exhibit Hall – including a central boulevard that Baron Haussmann himself would have celebrated – and then asked us to help him do two things:
Keep Austin Weird, apparently a principle plank in the City’s Charter, and ergo to Keep DAC Weird, as well as Nerdy, Fun and Alive. And no sooner did Chuck extend this request, than it was …
Thursday, April 7th, 2016
Several weeks ago, before the EDA Consortium was re-branded as the ESD Alliance, I had a chance to speak by phone with Bob Smith, Executive Director of the organization. I started by asking what concerned him the most about the re-launch. Bob was too optimistic to pick up on that negative note.
Instead he said, “It looks like we’re going to have a really good turnout for our event next week on March 30th, with well over 100 people expected. We are billing the evening as 90-percent social and only 10-percent business. I’ll speak for about 5 minutes and no longer, introducing the new name for EDAC.
“Mostly we want to have a get-together where people who haven’t seen each for a long time can enjoy catching up. We honestly hope that people will just have a good time. Also, it’s great that a number of the board members will be there.”
Thursday, March 31st, 2016
As much as the energetic re-branding of the EDA Consortium is to be admired, the name of the new organization is causing distress: If you want to find out more about the newly launched ESD Alliance, your online search will be fraught with angst. Why?
Thursday, January 7th, 2016
If you’re interested in the past, the third quarter of 2015 is a good place to start: the EDA/IP industries did very well from July through September last year. EDAC’s Market Statistics Service numbers, released this week, offer some of the details. Here’s the link if you want to delve in.
Easier however, is this brief summary of my January 5th phone call with Mentor’s perpetually optimistic CEO Wally Rhines, last year’s EDAC/CEDA Kaufman Award winner and this year’s EDAC spokesman [technically, every year’s].
Although there was snow and ice on the roads around Wilsonville, Oregon, when we talked, nothing could put a damper on Rhines’ sunny outlook for the industry he leads: “The third quarter last year was another great quarter for the EDA and IP industries. With 7.1 percent growth, it was really good and even stronger than usual.
Thursday, November 12th, 2015
Joyful relief probably best describes this evening’s event at the Fourth Street Summit Center in San Jose where the glitterati of EDA gathered to honor Mentor CEO Wally Rhines with a long-overdue CEDA/EDAC-sponsored Kaufman Award. Joyful relief and a sense of delicious mischief.
One should have known something was up when the trio in the corner – during cocktails on the 7th floor overlooking scenic downtown San Jose – launched into a tango so compelling one was forced to look over to the source of the music. Surprisingly and not surprisingly, it included Bob Gardner on bass. Tango and all, the music sashayed its way through the lively mesh of conversation that defined the crowded room in that pre-dinner hour.
When enough yummy hors d’oeuvres had been consumed, and just the right amount of Jazz Cellars wine – the winemaker himself now serving as the Executive Director of EDAC – the gong sounded, doors opened at one end of the room, and huge clumps of happy revelers jostled into the adjoining hall to seek out their assigned tables and grab their chairs, all anticipating good food and great fun.
With at least 200 people in attendance, CEDA and EDAC did not disappoint. Of course, it’s hard to avoid a home run when the irrepressible Wally Rhines is at the center of the play, but this evening CEDA/EDAC delivered up something more akin to a grand slam.
Thursday, September 3rd, 2015
Alain Labat, the former President & CEO of VaST Systems, told me on a phone call this week that his story, in a way, is very simple: “When we got acquired by Synopsys in 2010, 5 years ago now, our management and investors clearly saw an opportunity to start our own investment bank and advisory company, so that’s what we did.
“We believed then, and still believe, that if you need a big bank from New York or a huge amount of money [to begin your enterprise], the right people are the Goldman Sachs or the other Wall Street guys. But for a technology-based company, you need something different.
“And so, at the advice of our investors, we started Harvest Management Partners specifically for those companies who need something different. Coming from VaST as we did, with a great deal of true operational experience, we felt we could offer much-needed guidance to those companies who were not a good fit for Wall Street.
Sunday, June 7th, 2015
Omygosh, DAC’s here again! Has it already been a year? Apparently yes, and apparently once again the Design Automation Conference is going to be great. And how does one know? Because once again the DAC Executive Committee is great, lead in 2015 by the more-than-capable Anne Cirkel (Mentor’s own). Everything from academia to industry, from networking to hard-core learning (read, ‘Nerd Alert!)’, from food and libation to product announcements: DAC is always special.
So today is Sunday, which in the world of DAC is a lovely day full of workshops for those interested in the newest, and social opportunities for those interested in the noshing and nattering. Sunday is also lovely, because it’s a moment for astonishing realizations, and this year’s 52nd DAC Sunday is no different. Here are my 10 favs:
10 – Per Stanford’s Philip Wong speaking in Workshop 2, carbon nanotubes are smooth which helps with mobility-restricting surface roughness and band-gap issues. Also CNTs are no longer “a bowl of spaghetti” when manufactured. Now they’re 99% orderly and courteously aligned. (read, ‘Is asking about the other 1% a legitimate question?’)
9 – EDA’s own Karen Bartleson of SNPS fame, has not only just completed 2 years of distinguished service as President of IEEE’s worldwide Standards Organization, she’s now been nominated to serve as President of the Whole Enchilada; Bartleson’s running for President of the IEEE itself. In a word, Wow!
8 – Design Automation Summer School, for those who have not been keeping up (read, ‘me’), is no longer a week-long confab in July. These days Summer School is a one-day event on DAC Sunday. Still highly attended and full of pithy content for The Young & The Restless in EDA.