December 02, 2012
Electronics IP Industry – Q3 2012
by Russ Henke - Contributing Editor
Posted anew every four weeks or so, the EDA COMMENTARY delivers to its readers information concerning the latest happenings in the EDA industry, and at least once a quarter also covers similar happenings in the MCAD/MCAE space, reporting on vendors, products, finances and new developments. Frequently, feature articles on selected public or private EDA & MCAD/MCAE companies are presented. Brought to you by EDACafe.com. If we miss a story or subject that you feel deserves to be included, or you just want to suggest a future topic, please contact us! Questions? Feedback? Click here. Thank you!
This is the December 02, 2012 article for the EDACafe.com EDA Commentary, entitled, “Electronics IP Industry – Q3 2012.”
Herein we return our quarterly attention to the phenomenon of the rise of Intellectual Property (IP) in the world’s Electronics Industry, a segment of Electronic Design Automation (EDA) that Henke Associates began reporting on separately in 2003.
At the beginning, we covered eight (8) publicly-traded IP companies from around the world (called the "Group-of-8" or "G8"), as representative of the financial state of the nascent Electronics IP Industry.
Subsequently, ARM absorbed Artisan Components in 2004; Mentor Graphics acquired LogicVision in 2009; and Synopsys bought Virage Logic in 2010. So these days, when we report on the Electronics IP Industry quarterly financials, the G5 listed below are included:
LAST YEAR’S (Q3 2011) G5 IP financial results were posted here on November 14, 2011, on the heels of the most severe economic threat of president Obama’s first term, precipitated by the 2011 US Government debt ceiling debate in Washington DC.
The debt ceiling debate was started in the middle of last year (2011) when a small group of Republicans chose that routine approval process to try to advance their radical “tea party” agenda. The result was an extended period of economic uncertainty and the subsequent needless reduction of the USA’s credit rating by S&P from AAA to AA+.
On the other hand, it made the president’s re-election victory on November 6, 2012 all the sweeter, as he dealt the right wing and its ongoing opposition a devastating blow.
Unfortunately, some of the right wingers were not up for re-election in 2012 and/or are slow learners, and they may yet hamper the US with their regressive ideas during the president's second term.
Let's step back for a moment to the time of the debt ceiling debate last year. Looking at the 2011 NASDAQ graph below, you can see (a) the relative stability of the NASDAQ Composite curve at just above the 2800 level during the initial months shown till late July 2011; (b) then the steep dip of the INDEX right after the 2011 debt ceiling debate to below 2400 by mid-August 2011; (c) the relatively wild oscillations of the NASDAQ Composite curve from mid-August 2011 through mid-November 2011; and (d) the NASDAQ Composite index never closing at 2800 or above during the entire reporting period after mid-August 2011 through November 14, 2011:
NASDAQ Close Nov 04, 2011 = 2686.15
52 week range up to Nov 04, 2011 = 2298.89 – 2887.75
It had taken some six months for the market to get back in sync, and it wasn’t until January 25, 2012 that the NASDAQ Composite closed above 2800 again. The US economy had finally begun to overcome the distortions generated by the debt ceiling debacle. and only then did the NASDAQ index resume its unbiased representation of the economy's underlying strength once more.
So from mid-December 2011 on, with only a few minor valleys, the NASDAQ Composite grew at a powerful upward slope, flirting with 3090.08 on March 21, 2012, and closing at 3067.92 on March 23, 2012. The NASDAQ market then flattened out through mid-March and continued for the most part to enjoy life above the 3000 level for nearly three months more of health, until the index began slipping a little in the period between May 04, 2012 and May 19, 2012:
As it turned out, that May 2012 market glitch was far shorter and shallower than the debt ceiling dip endured in August 2011. The May 2012 glitch saw the market close below 2800 on only 4 days before returning to a healthier upward slope, and it soon here again closed above 3000 on June 12, repeating that feat on August 7, 2012, and closed at 3020.86 on August 10, 2012.
Moreover, if we consider what has happened since August 2012, (to wit, the NASDAQ Composite Index continued its healthy rise to close at 3193.95 on September 11, 2012 and then hovered near that elevated level to close at 3011.93 on Election Day November 6, 2012, a remarkable rise of 23.38% since the November 25, 2011 close of 2441.08). It's definitely one of the reasons that Mitt Romney could not defeat president Obama in the national election a few weeks ago.
Indeed, when one thinks through the disastrous state of economy handed over to the young president Obama by George W. Bush (the January 2009 "gaping valley" at the outset of the NASDAQ price chart below was at 1268), compared to the IXIC’s performance thereafter for the last four years under president Obama, the market dips since January 2009 by comparison have been very shallow indeed, as the chart & curve below easily reveal:
But does it mean that the "games of chicken" regarding taxes are over in Washington, D.C.? Robert Reich for one, does not think so. Please see:
Now, onward to The G5 IP Vendor Results for Q3 2012
By now, almost all readers are surely familiar with the names of the five IP companies and their respective company spokespeople that are covered in the IP Commentary issued every three months.
If you want to refresh your memories, please refer to past issues of the IP Commentaries by GOING TO THE WEBSITE BELOW:
Our first surprise is on display in Table 1 below, which contains the G5 Electronics IP Revenues for five quarters, starting with the most recent quarter (Q3 2012) that ended on September 30, 2012.
We immediately notice (A) sequential revenue growth in Q3 2012 over Q2 2012 of +7.26%, and (B) year-over-year quarterly revenue growth Q4 2012 over Q3 2011 of a whopping +18.81%, both for the perennial IP leader ARM Holdings.
But the next three of the IP vendors in the list actually shrank in revenue recognized in Q3 2012 compared to Q2 2012.
Lastly, while Rambus avoided shrinkage in Q3, it barely did so with only a token revenue increase of just over 2%.
Table 1's SUM of Revenue for the G5 IP companies for Q3 2012 [$313.28 MILLION] still comes in larger than the lowest QUARTERLY REVENUE SUM ON THE CHART; THAT DUBIOUS HONOR GOES TO Q1 2012.
INDEED, THROUGH THREE QUARTERS OF 2012, THE G5 IP VENDORS TAKEN TOGTHER ARE ONLY AVERAGING $313.06 MILLION A QUARTER, ONLY A COUPLE MILLION A QUARTER MORE THAN THEY AVERAGED IN ALL OF 2O11.
TURNING FINALLY TO NET INCOME, WE HAVE TABLE 2:
Notice that Table 1 columns far above calculate the percentage of one quarter over the other, as labeled,
In Table 2 just a bove, the relevant columns provide the numerical dollar differences in earnings between two different quarters as labeled.
THE REAL DEBACLE OF Q3 2012 FOR THE G5 IP VENDORS
MIPS, MOSY & RAMBUS COMBINED TO LOSE MORE MONEY THAN THE PERENNIAL PROFIT GENERATORS ARM & CEVA COULD OVERCOME IN Q3 2012, RESULTING IN A QUARTERLY LOSS FOR THE ENTIRE G5 GROUP! This has happened before since coverage of the IP companies began in 2003 in these pages, but a loss in a quarter for the entire group of IP companies is a rare occurrence indeed.
Recent News Releases Selected from the G5 IP Vendors
When we look at some of the recent news releases from the IP G5, we will see that there are several ways for a vendor to be dissolved, wherein technology can be suitably preserved or wasted, depending upon the perceived value of the assets and the diligent practices of the buyers and sellers.
One such activity has evolved since our last report on the G5 IP Vendors was first posted on August 22, 2012. The recent and relevant news releases are presented below in alphabetical order of the G5 Vendor names, but the particular G5 vendors involved are quickly identifiable.
ARM Announces Participation in a Consortium to Acquire Rights to MIPS Technologies' (MIPS) Portfolio of Patents
06 November 2012
ARM is a leading participant in a consortium of major technology companies to acquire rights to MIPS’ portfolio of 580 patents.
CAMBRIDGE UK – 6 November 2012 - ARM [(LSE: ARM); (NASDAQ: ARMH)] today announced that it is a leading member of Bridge Crossing LLC, a consortium of major technology companies affiliated with Allied Security Trust, which has entered into an agreement with MIPS to obtain rights to its patent portfolio . The MIPS patent portfolio includes 580 patents and patent applications covering microprocessor design, system-on-chip design and other related technology fields. The consortium will pay $350 million in cash to acquire rights to the portfolio, of which ARM will contribute $167.5 million.
The transaction will, upon completion, support continued innovation in system-on-chip design, whilst removing any potential litigation risk presented by the MIPS patent portfolio with respect to the consortium members. The consortium will make licenses to the patent portfolio available to companies not within the consortium.
"ARM is a leading participant in this consortium which presents an opportunity for companies to neutralize any potential infringement risk from these patents in the further development of advanced embedded technology," said Warren East, CEO, ARM.
"Litigation is expensive and time-consuming and, in this case, a collective approach with other major industry players was the best way to remove that risk," said East,
This transaction, which is subject to MIPS shareholder approval, and customary closing conditions, is expected to close in the first quarter of 2013. ARM’s contribution of $167.5 million will be funded out of existing cash reserves.
ARM designs the technology that is at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM’s comprehensive product offering includes RISC microprocessors, graphics processors, video engines, enabling software, cell libraries, embedded memories, high-speed connectivity products, peripherals and development tools. Combined with comprehensive design services, training, support and maintenance, and the company’s broad partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. Find out more about ARM from our website: http://www.arm.com .
ARM, Artisan and AMBA are registered trademarks of ARM Limited. Cortex, Core Link, big. LITTLE, Mali and POP are trademarks of ARM Limited. All other brands or product names are the property of their respective holders. “ARM" is used to represent ARM Holdings plc; its operating company ARM Limited; and the regional subsidiaries ARM Inc.; ARM KK; ARM Korea Limited.; ARM Taiwan Limited; ARM France SAS; ARM Consulting (Shanghai) Co. Ltd.; ARM Germany GmbH; ARM Embedded Technologies Pvt. Ltd.; ARM Norway, AS and ARM Sweden AB.
Sarah West/Aideen Lee
+44 (0)207 404 5959
Ellie Springett/Ian Thornton
+44 (0)1223 400400
See some CEVA, Inc, news just after the MIPS news below.
SUNNYVALE, Calif., November 5, 2012 - MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications, today announced it has entered into separate definitive agreements with Bridge Crossing LLC ("Bridge Crossing"), an acquisition vehicle of Allied Security Trust ("AST"), and Imagination Technologies Group plc (LSE: IMG) ("Imagination") with net proceeds of approximately $7.31 per share in cash to each holder of MIPS common stock. The total value of the transaction represents a 40% premium to the closing price on April 11, 2012, the day prior to the first public rumor of a potential sale of MIPS.
Bridge Crossing will acquire 498 of MIPS' total 580 patent assets for gross proceeds of $350 million. MIPS will retain the remaining 82 patent properties that are directly relevant and key to the MIPS architecture, and will also be granted a royalty-free, perpetual license under all of the patent properties sold to Bridge Crossing. MIPS will also provide a restricted license to Bridge Crossing under the 82 retained patent properties. Subject to consummation of the Bridge Crossing transaction, Imagination will acquire the operating business of MIPS, the 82 aforementioned patent properties, and license rights to all of the remaining patent properties of MIPS for $60 million.
Both transactions are subject to customary closing conditions, including the approval of MIPS' shareholders, who will vote separately on each of the transactions. Approval of the Bridge Crossing transaction is not subject to shareholder approval of the Imagination acquisition. The proceeds of the transactions, which are subject to a holdback of approximately $100 million to cover tax and other liabilities, will be distributed to MIPS shareholders on a pro-rata basis through a recapitalization of MIPS common stock.
"After a thorough review of a wide range of alternatives to enhance shareholder value, our Board of Directors concluded that the best alternative for the Company would be the sale of patent properties to a consortium formed by AST, and a sale of the Company to Imagination. Importantly, as part of Imagination, the MIPS architecture will continue to be supported, and protected by MIPS patents. This highly successful outcome builds upon the rich heritage of the MIPS processor architecture, while effectively monetizing the Company's valuable patent portfolio," said Sandeep Vij, CEO of MIPS.
Mr. Vij continued, "By combining the technologies and skills of MIPS and Imagination, a leading multimedia, communications and embedded processor technology company, we believe that we can together create a powerful, well-differentiated and highly influential alternative to existing CPUs in the market. The move is highly strategic and presents clear benefits to MIPS' customers, employees, and partners."
According to Hossein Yassaie, CEO, Imagination Technologies, "The MIPS architecture is widely respected, and is complementary to Imagination's existing CPU capabilities. I believe that this proposed transaction will be welcomed by both companies' customers, including our mutual partners, and by the electronics industry at large. Post deal closure, Imagination will continue to support and expand the MIPS architecture and ecosystem, with the combined effort aiming to create a new industry-leading force in CPU development and licensing."
The sale of the MIPS patent properties has been unanimously approved by the Board of Directors of MIPS and by the CEO of Bridge Crossing, and is subject to customary closing conditions, including the approval of MIPS' shareholders, voting separately from approval of the sale of the Company to Imagination, and not conditioned on the approval or consummation of that sale. The subsequent sale of the Company has been unanimously approved by the Boards of Directors of MIPS and Imagination, and is subject to customary closing conditions, including the separate approval of MIPS' shareholders and consummation of the Bridge Crossing patent property sale. Neither transaction is subject to any financing condition. Bridge Crossing has deposited the full amount of the purchase price into an escrow account to fund the patent property sale transaction. MIPS anticipates that the transactions will close within Q1 CY2013.
J.P. Morgan is acting as exclusive financial advisor; Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor; and Ocean Tomo is acting as intellectual property advisor to MIPS. Fenwick & West LLP and Morrison & Foerster LLC are acting as legal advisors to AST. Jefferies is acting as exclusive financial advisor, and DLA Piper LLP is acting as legal advisor to Imagination.
To read Imagination's press announcement about the proposed acquisition, issued separately today by Imagination, please visit
About Allied Security Trust
AST (www.alliedsecuritytrust.com) is a Delaware Statutory Trust that identifies and analyzes high-technology patents being sold on the market, circulates those to its 26 member companies (each with annual revenues >US$0.5 billion), and combines funds of interested member companies to purchase patents. It then sells the patents subject to licenses granted to participating members and interested third parties, with proceeds returned to the members that funded the purchase. Since its inception in 2007 and prior to this transaction, AST has completed 38 acquisitions of patent rights, sold 31 patent portfolios, and granted 148 licenses.
About Imagination Technologies
Imagination Technologies Group plc (LSE:IMG) - a global leader in multimedia and communication technologies - creates and licenses market-leading multimedia IP cores for graphics, video, and display processing, multi-threaded embedded processing/DSP cores and multi-standard communications and connectivity processors. These silicon intellectual property (IP) solutions for systems-on-chip (SoC) are complemented by platform level IP and services, a strong array of software tools and drivers and extensive developer and middleware ecosystems. Target markets include mobile phone, handheld multimedia, home consumer entertainment, mobile and low-power computing, and in-car electronics. Its licensees include many of the leading semiconductor and consumer electronics companies. Imagination has corporate headquarters in the United Kingdom, with sales and R&D offices worldwide. See: ww.imgtec.com .
About MIPS Technologies, Inc.
MIPS Technologies, Inc. (Nasdaq:MIPS) is a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications. The MIPS architecture powers some of the world's most popular products including over 700 million units in our most recent fiscal year. Our technology is broadly used in products such as digital televisions, set-top boxes, Blu-ray players, broadband customer premises equipment (CPE), WiFi access points and routers, networking infrastructure and portable/mobile communications and entertainment products. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit :
and news about CEVA, Inc. released by MIPS:
MIPS Technologies Announces Receipt of Unsolicited Proposal from CEVA, Inc. Reiterates Commitment to Imagination Technologies Transaction
Announces Intention to Enter into Discussions with CEVA
SUNNYVALE, Calif., November 20, 2012 - MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications, today announced that it has received an unsolicited proposal from CEVA, Inc. (Nasdaq: CEVA) to acquire all of the outstanding MIPS shares, following the consummation of the proposed patent sale transaction with Bridge Crossing, LLC and the proposed recapitalization, for $75 million (U.S.) in cash. CEVA's proposal is subject to the approval of its board of directors and a brief period of confirmatory due diligence.
MIPS had previously announced (on November 5, 2012) that Imagination Technologies Group plc (LSE: IMG) would acquire the outstanding MIPS shares following the consummation of the proposed patent sale transaction with Bridge Crossing and the proposed recapitalization, for $60 million (U.S.) in cash.
The MIPS Technologies Board of Directors is evaluating CEVA's proposal and has not made a determination as to whether the proposal is superior to MIPS Technologies' pending transaction with Imagination Technologies. However, the MIPS Technologies Board of Directors believes the CEVA proposal could reasonably be expected to lead to a superior transaction, so it has determined to engage in discussions with CEVA. There can be no assurances that any definitive agreement or transaction will result from the CEVA proposal or MIPS Technologies' discussions with CEVA.
The MIPS Board of Directors continues to recommend the merger agreement with Imagination Technologies to its stockholders. The MIPS Board of Directors is not withdrawing its recommendation with respect to the merger agreement and the merger, or proposing to do so, and is not making any recommendation with respect to the CEVA proposal.
J.P. Morgan is acting as exclusive financial advisor to MIPS Technologies and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor.
Net loss for the third quarter of 2012 was $58.1 million as compared to net loss of $32.2 million in the second quarter of 2012 and net income of $0.5 million in the third quarter of 2011. Diluted net loss per share for the third quarter of 2012 was $0.52 as compared to diluted net loss per share of $0.29 in the second quarter of 2012 and diluted net income per share of $0.00 in the third quarter of 2011.
Net loss for the nine months ended September 30, 2012 was $118.2 million as compared to a net loss of $14.3 million for the same period of 2011. Diluted net loss per share for the nine months ended September 30, 2012 was $1.07 as compared to a diluted net loss per share of $0.13 for the same period of 2011.
The Company updated the amount of the pre-tax charge it expects to record in the third quarter of 2012 in relation to its restructuring program announced on August 22, 2012. The charge is primarily driven by the reduction of overall corporate expenses which is expected to improve future profitability while refining some of the Company's research and development efforts. The Company recorded a pre-tax charge of approximately $6.6 million during the third quarter of 2012 related primarily to the reduction in workforce, which included approximately $1.8 million in early termination payments to certain employees related to their previous retention bonus arrangements.
Additionally, the Company recorded a non-cash charge for the impairment of goodwill and long-lived assets within its Lighting and Display Technology division of approximately $35.5 million in the third quarter of 2012. The Company conducted this impairment review under the accounting rules as a result of the change in business strategy with less focus on display technology licensing and an increased focus on its general lighting technologies. Under generally accepted accounting principles, when indicators of potential impairment are identified, companies are required to conduct a review of the carrying amounts of goodwill and other long-lived assets to determine if impairment exists.
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The Giants Win the Pennant! The Giants Win the Pennant!
... and the 2012 WORLD SERIES !!!
As the current issue of the EDA IP Commentary goes to press, the residents of the original home of the MGC PCB Division in the San Francisco Bay Area still celebrating The Giants , the region's major league baseball team's winning of the World Series four games to zero over the Detroit Tigers just a few weeks ago, the second time in three years the Giants have won the World Series. This Giants' victory puts the whole region into a celebratory mood just as the recent success of the San Francisco 49ers pro football team reminds us of the glory years of the era of five Super Bowl Championships between 1981 and 1994.
Both have strong roots in the writer's past. It might be fun to examine the role sports have played in his and many of our lives, especially driving the thrill of competition.
While the writer has been a sports fan all his life, there is no doubt that geography plays a strong role. For example, growing up in Cincinnati, Ohio, tipped my preference toward baseball. As kids we had access to plenty of baseball diamonds locally and plenty of coverless, taped hardballs and broken bats, but there was never a basketball court nor even a net-less, backboard-less rim available in our neighborhood, either outside or inside for basketball.
In addition, furthering our early bias for baseball. several times each summer, a local sports equipment company (McGregor) would send out a small group of "old men" (in their early 20's) with a dozen new McGregor bats and several dozen new baseballs to test. The fellows from McGregor easily rounded up the local kids of ~10 years of age to shag fly balls all afternoon, to field test the durability of McGregor equipment. We loved it, because we soon learned to catch fly balls hit a distance of over 400 feet and higher than we had ever seen, plus we each received a brand new baseball at the end of the day.
At that age, few of us kids had ever been to Crosley Field where the professional National League's Cincinnati Reds played, although eventually as a teen I worked inside the old pre-electronic centerfield scoreboard there for several summers, posting balls & strikes with painted metal placards, making my best visual guess what the umpire signaled after each pitch 340 feet away behind home plate.
All of us kids had multiple part-time jobs after age 8 or so, as the only source of money to buy baseballs and such. Once we reached the age of eleven, we could play knothole baseball on organized teams, and the coach and sponsors supplied bats, balls and even uniforms festooned with logos of local merchants. We also began to appreciate the possible positive role of local corporate interest in people's lives. However, knothole was over when we reached sixteen, which seemed OK since we all had to go get better paying jobs by then anyhow. Joining our high school baseball teams provided a little time on a baseball diamond, but none after school since most of us had after school jobs, and full time jobs in the summers.
It seemed very common among our group, to be able to play only on weekends during the short summers of the Midwest. Still our passions for the game of baseball were very strong, and we all knew the names and statistics of every player on every major league team (although at that time there were only 16 teams, all east of the mighty Mississippi).
So baseball was "it" as our main sports interest. Although we finally gained some access to basketball courts in school, it wasn't until one Oscar Robertson began his stellar career in 1956 at the University of Cincinnati, that basketball became a close second interest among our gaggle of friends.
Oscar's college teams came close, but they never won an NCAA basketball championship. My personal interest in basketball became even stronger when the Oscar-less University of Cincinnati team won the NCAA Basketball Championship in 1961, and again in 1962 during my own student days in engineering school there.
However, the pennants that the Cincinnati Reds baseball team won during my youth (1961 & 1970) were both followed by ignominious World Series defeats (the '61 Yankees brought Roger Maris & Mickey Mantle to town to offset the Reds' Frank Robinson, and the '70 Orioles featured Brooks Robinson and Jim Palmer, among others, to offset Lee May and company).
My loyalty to Cincinnati Reds baseball was finally rewarded when The Big Red Machine won both the National League Pennant and the World Series in 1975 and again in 1976, vanquishing the very talented Boston Red Sox and the New York Yankees, respectively. (The Reds' Pete Rose, Joe Morgan, Tony Perez, Johnny Bench, Ken Griffey Sr., George Foster, Caesar Geronimo, Dave Conception, Don Gullet, et al, all became household names).
Even the Cincinnati Royals captured the hearts of Cincinnati professional basketball fans during the sixties when Oscar Robertson held forth, but Oscar had to wait until he joined the Milwaukee Bucks and Lew Alcindor. (a.k.a. Kareem Abdul-Jabbar) before Oscar tasted NBA Championship champagne) in 1971.
Cincinnati finally got its own professional football franchise in 1968, and the Bengals began playing pro football games in Nippert Stadium on the UC campus. The team's wins were few, as were the number of seats at Nippert. After seeing the promising quarterback career of one Greg Cook ruined by an injury, and the Cincinnati Bengals did no better throughout the seventies at Riverfront Stadium, consistently losing to the Pittsburgh Steelers, who were in their heyday of four Super Bowl wins in the 70's alone.
Ah, but then things began to change for the better . The Cincinnati Bengals actually went to the Super Bowl in 1981, only to be defeated by the 49er's, who were led by a young quarterback little known on the shores of the Ohio River at the time: Joe Montana.
A career move to Boston by yours truly coincided with the arrival of the mid-western likes of Larry Bird in Boston Garden, whose presence on the Celtics brought Boston citizens the excitement of multiple NBA titles over the next several years.
Soon after, another career move brought me 3000 miles west directly to the San Francisco Bay Area in mid 1984, just in time to fall under the spell of the still improving and by then better known Joe Montana , and at the end of 1984, the 49er's defeated the Miami Dolphins and their excellent quarterback Dan Marino 38-16. As I recall, Mr. Marino never made a return trip to the Super Bowl, but Joe Montana sure did, leading the 49er's to two consecutive Super Bowl wins in 1988 and in 1989. The '89 victory became famous for Joe Montana's remarkable come-from-behind win in the last three minutes over whom? You guessed it - the Cincinnati Bengals. The Bengals have never won a Super Bowl in their entire existence, from 1969 to the present day, while the 49ers picked up another Super Bowl trophy in 1994 with Steve Young at QB. The 49ers have had ups and downs since, but no return to the Super Bowl till 2011.
Fortunately, the San Francisco Bay Area had surfaced again in baseball, with the powerful Oakland A's who won the World Series three years in a row in 1972, '73 and '74, and then once again later when the A's of 1988-1990 led by Jose Canseco and Mark McGuire prevailed over... thru Giants! Indeed, it was the A's who denied the Will Clark-led Giants a win in the Loma Prieta earthquake-plagued 1989 WORLD SERIES held at Candlestick Park and across the Bay at the Oakland Stadium.
Then came Barry Bonds in 1993, making the Giants into a perennial powerhouse and pennant contender, sporting a brand new ballpark in the City in 2000 (initially called PacBell Park, now AT&T Park), and another pennant in 2002). Alas, the Giants lost the World Series that year when, after leading 3 games to 2, and leading game six 5-0, the Giants' pitching failed in the last few innings in game six in Anaheim, and Game seven went to the Angels). Oh well, what fan remembers such details?
Later, during the 2007 season, we would witness Barry Bonds breaking Hank Aaron's record of 755 career Home Runs.
But then have come baseball's two (2) World Championships: 2010 and 2012 for the San Francisco Giants!
It definitely is bread and circuses, but what great circuses!
Thank you, fellas!
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About the Writer:
Since 1996, Dr. Russ Henke has been and continues to be active full time as president of HENKE ASSOCIATES, a San Francisco Bay Area
high-tech business & management consulting firm . The number of client companies served by HENKE ASSOCIATES during those years now exceeds fifty. Engagement lengths have varied from a few weeks up to ten years and beyond.
During his previous corporate career , Henke operated sequentially on "both sides" of MCAE/MCAD and EDA, as a user and as a vendor. He's a veteran corporate executive from Cincinnati Milacron (Research Scientist), SDRC (President & COO), Schlumberger Applicon (Executive VP), Gould Electronics (President & General Manager), ATP (Chairman and CEO), and Mentor Graphics (VP & General Manager).
Henke is a Fellow of the Society of Manufacturing Engineers (SME) and served on the SME International Board of Directors. Henke was also a board member of SDRC, PDA, ATP, and the MacNeal Schwendler Corporation, and he currently serves on the board of Stottler Henke Associates, Inc.
Henke is also a member of the IEEE and a Life Fellow of ASME International.
In April 2006, Dr. Henke received the 2006 Lifetime Achievement Award from the CAD Society, presented by CAD Society president Jeff Rowe at COFES2006 in Scottsdale, AZ. In February 2007, Henke became affiliated with Cyon Research's select group of experts on business and technology issues as a Senior Analyst. This Cyon Research connection aids and supplements Henke's ongoing, independent consulting practice (HENKE ASSOCIATES).
Beginning in May 2003 HENKE ASSOCIATES had published more than 100 independent commentary articles on MCAD, PLM, EDA and Electronics IP on IBSystems' MCADCafé and EDACafé. Dr. Henke then became a contributing editor of the EDACafé.com EDA WEEKLY from November 01, 2009 until March 31, 2012, posting thirty-two EDA WEEKLY articles during that period; URL's available. Effective April 01, 2012 he continues to contribute EDA and MCAD COMMENTARIES, and also writes a periodic blog for EDACafe.com and/or MCADCafe.com.
Further information on HENKE ASSOCIATES and URL's for past Commentaries, WEEKLIES, etc., are available at
March 31, 2013 will mark the 17th Anniversary of the founding of HENKE ASSOCIATES.