Magma Third Quarter Earnings Call Rescheduled to 1:30 p.m. PST

SAN JOSE, Calif., Feb. 19, 2009 (GLOBE NEWSWIRE) -- Magma Design Automation Inc. (Nasdaq:LAVA) will conduct its third quarter earnings call at 1:30 p.m. PST on Feb. 26, 2009, 30 minutes earlier than previously scheduled, to avoid a conflict with another company's earnings call.

Telephone and webcast access information remains the same as previously announced. The live webcast will be available online at http://investor.magma-da.com/events.cfm. A replay of the webcast will be available on Magma's website through March 5, 2009.

Listen to the live call by telephone at the numbers below:

          U.S. & Canada:     (877) 856-1961
          Elsewhere:         (719) 325-4799

A telephone replay will be available beginning at 5 p.m. PST on Feb. 26, 2009 until 11:59 p.m. PST on March 5, 2009 at the numbers below:

          U.S. & Canada:     (888) 203-1112, code #4739185
          Elsewhere:         (719) 457-0820, code #4739185

About Magma
Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips required in cellular telephones, electronic games, WiFi, MP3 players, DVD/digital video, networking, automotive electronics and other electronic applications. Magma's EDA software for IC implementation, analysis, physical verification, circuit simulation and characterization is recognized as embodying the best in semiconductor technology, enabling the world's top chip companies to "Design Ahead of the Curve" while reducing design time and costs. Magma is headquartered in San Jose, Calif., with offices around the world. Magma's stock trades on NASDAQ under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma is a registered trademark and "Design Ahead of the Curve" is a trademark of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.

Forward-looking Statements: The statement above regarding the timing of the earnings call is a forward-looking statement based on current information and expectations and involve a number of risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including but not limited to the need to reschedule the call. Magma undertakes no additional obligation to update these forward-looking statements. Please refer to Magma's filings with the Securities and Exchange Commission, including but not limited to Magma's most recent Quarterly Report on Form 10-Q for additional factors. These filings can be accessed via the Internet at http://www.sec.gov.

CONTACT:  Magma Design Automation Inc.
          Press Relations
          Monica Marmie, Director, Marketing Communications
            (408) 565-7689
            
Email Contact
          Investor Relations
          Milan G. Lazich, Vice President, Corporate Marketing
            (408) 565-7706
            
Email Contact



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