The EDA & MCAD/MCAE Almanac – Nominal Q2 2012
Chapters Three and Four – The Q2 2012 Financials
This is the OCTOBER 08, 2012 edition of the EDACafe.com COMMENTARY, entitled, “The EDA & MCAD/MCAE Almanac – Nominal Q2 2012,” with subtitle, “Chapters Three and Four - The Q2 Financials.”
Today’s posting finally completes this particular issue of the “EDA and MCAD/MCAE Almanac -- Nominal Q2 2012,” as a three-part multi-chapter combination of postings on three separate mid-2012 dates: July 27, August 14, and now October 08.
|NOTE: This multi-chapter combination approach was tried as an experiment to examine the potential benefits of describing EDA & MCAD/MCAE events that were related to one-another, but occurring at significantly different times over several months. While the concept has been ultimately successful, with the final portion of the 3-part experiment being consummated with today’s posting of key EDA and MCAD/MCAE Q2 Financials, the logistics of managing the data, information, release dates and editorial comparisons across the July – October time period, across three postings, and across four chapters have proved to be far too complicated to justify the inordinate effort of possible subsequent multi-chapter production of another such article in the near term.
Nevertheless, we may try it again in future should we perceive that improved coordination techniques have become available.
To cut to the chase, we're going immediately to the bottom line of the typical Almanac Report: The Revenue and Profit Tables 1 and 2 for selected EDA & MCAD/MCAE VENDORS that usually comes at the conclusion of each quarter's review. Besides, we’re already into the fourth quarter of the normal calendar, and Q3 2012 results will soon be available.
So here you will find one write up on a typical vendor as an example (this one is for ANSYS), followed by the Profit and loss Tables for all normally covered EDA and MCA/MCAE vendors. (The background which led up to these results is the described in an Appendix).
The G4 MCAD/MCAE Vendors Financial Results for Nominal Q2 2012
Typical Vendor Report
On August 2, 2012 ANSYS, Inc. (NASDAQ: ANSS) announced nominal second quarter 2012 financial results for the quarter ending June 30, 2012.
Q2 2012 Highlights
- GAAP revenue of $195.0 million
- GAAP diluted earnings per share of $0.53
- Operating cash flows of $74.9 million
- GAAP operating profit margin of 36.5%
- Total paid-up licenses increased 20% combined and organically, with the growth spread across a broad array of industries and all major product lines
- Repurchased 1 Million Shares in Q2
- Closed Esterel Acquisition and Reiterated Guidance
"Our earnings exceeded our guidance range and our revenues were in the upper half of our guidance range even after absorbing currency headwinds in excess of our guidance. All key metrics of our business were strong, including our balance sheet, cash flows and margins. In addition, we repurchased one million shares in the quarter. The fundamentals of the ANSYS business remain intact, bolstered by a recurring business rate of over 70%," stated Jim Cashman, ANSYS President and Chief Executive Officer.
"We believe our business model has demonstrated superior resiliency over a variety of economic cycles and can continue to drive profitable growth while we deliver on the ANSYS mission to lead innovation in engineering simulation. While there are obvious macro-economic issues that are affecting our customers' buying patterns, we continued to see an increased customer reliance on engineering innovation as a priority. This remains a focus as we continue to drive our long-term growth with continued investments in software development and customer engagement," continued Cashman.
"On August 1, 2012, we marked another milestone in achieving our vision of Simulation Driven Product Development(TM) as we completed the acquisition of Esterel Technologies," said Cashman. "The addition of Esterel builds on our formidable product line, now including embedded system simulation and certified code generation, further differentiating our solutions. This acquisition helps to extend our capabilities to encompass both hardware and software systems, enabling customers to gain greater insight into the behavior of the embedded software as it interacts with the hardware, strengthening our role as a strategic partner for our customers around the world. This acquisition also adds a market-leading, comprehensive team of talented and dedicated employees, whom we welcome to the ANSYS family," concluded Cashman.
ANSYS' Q2 2012 financial results are presented below.
Total GAAP revenue of $195.016 million in the second quarter of 2012, up 20.11% year-ove-year as compared to total GAAP revenue of $162.358 million in the second quarter of 2011; and up 5.22% over sequential total GAAP revenue of $185.345 million achieved in Q1 2012.
A booked GAAP net income of $50.262 million in the second quarter of 2012, up 10.63% as compared to $45.431 million in the year-over-year second quarter of 2011, and up 10.37% compared to $45.539 million net income in sequential Q1 2012.
GAAP diluted earnings per share of $0.53 in the second quarter of 2012, up 10.42% year-over-year as compared to $0.48 in the second quarter of 2011; and up 23.26% compared to $0.45 in sequential Q1 2012.
GAAP diluted earnings per share of $1.01 in the first six months of 2012, up 8.69% as compared to $0.93 in the first six months of 2011.
Q2 2012 and Fiscal Year 2012 Guidance from 3 months ago
Three months earlier, on May 03, 2012, the Company had expected the following for the second quarter ending June 30, 2012:
- GAAP revenue in the range of $191.2 - $198.2 million
- GAAP diluted earnings per share of $0.46 - $0.51
The Company likewise expected the following for the fiscal year ending December 31, 2012:
- GAAP revenue in the range of $806.6 - $826.6 million
- GAAP diluted earnings per share of $2.05 - $2.17
August 2: Management's Remaining 2012 Financial Outlook
The Company has updated its 2012 revenue and earnings per share guidance below.
Third Quarter and Fiscal Year 2012 Guidance
The Company currently expects the following for the quarter ending September 30, 2012:
- GAAP Revenue in the range of $194 - $202 million
- GAAP diluted earnings per share of $0.43 - $0.48
The Company currently expects the following for the fiscal year ending December 31, 2012:
- GAAP Revenue in the range of $801 - $824 million
- GAAP diluted earnings per share of $1.94 - $2.0
ANSYS brings clarity and insight to customers' most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations ― no matter their industry ― to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs more than 2,300 professionals, many of them experts in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, Pennsylvania, U.S.A., ANSYS has more than 65 strategic sales locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information.
The Concluding Tables and Comments
EDA & MCAD/MCAE VENDORS SUMMARY FINANCIALS Q2 2012
Tables 1 & 2 below set out a summary of the Nominal Q2 2012 revenues and earnings, respectively, for the four selected EDA vendors and then the four selected MCAD/MCAE vendors covered in this October 8, 2012 issue of the Almanac.
Several observations may be made from this latest Table 1:
- All the vendors in each Group of four enjoyed slightly higher sequential quarterly revenue in Q2 2012 vs. Q1 2012, except for Mentor Graphics in EDA and Autodesk in MCAD/MCAE. Nevertheless, in both sets of vendors, the fall offs of Mentor and Autodesk in Q2 vs. Q1 were not serious enough to cause their respective group totals in Q2 to fall below the group totals achieved in Q1.
- Recall that both sets of vendors in total experienced the usual fall off of revenues in Q1 2012 following the traditional robust Q4 2011 of the preceding year. The EDA group of 4 revenue total in Q1 2012 was off -5.30% compared to Q4 2011, whereas the MCAD/MCAE group of 4 revenue total in Q1 2012 was off -6.29% compared to Q4 2011.
- Three of the four EDA vendors covered for Q1 2012 actually scored revenues in Q1 2012 slightly larger than they did in the just prior Q4 2011, but Mentor Graphics missed by more than $50 million, or -22+%, bringing the EDA G4 total Q1 2012 revenue in below its total Q4 2011 level. Still, Q1 2012 for the EDA G4 in total was easily larger than any other EDA G4 quarterly total in 2011, except Q4 2011.
- The MCAD/MCAE group continued to enjoy +60% revenue leadership in Q2 2012 over the EDA Group, but its lead narrowed slightly (by 1.7% points) in Q2 2012 vs. Q1 2012.
- Q1 2012 was universally less that Q4 2011 for all members of the G4 MCAD/MCAE vendors.
- For the year 2011, the order of revenue totals for thr Big 3 EDA companies remained the same as in most recent years: Synopsys was number 1, followed by Cadence and then MGC. However, each of the Big 3 EDA vendors eclipsed the billion dollar mark in revenue for the first time in 2011. Two quarters unto 2012, the same Synopsys – Cadence- MGC order persists.
- In MCAD/MCAE, Dassault Systemes won the most full year 2011 revenue title, followed closely by Autodesk, PTC and ANSYS in that order. Same order of total revenue rank prevails so far halfway into 2012.
- Among the eight vendors, recall that Cadence had the best YOY % revenue growth Q1 2012 vs. Q1 2011 at nearly 19%, and ANSYS delivered a close second at just over 17%. But for Q2 2012, ANSYS replaced Cadence as the fastest growing percentage leader YOY Q2 2012 vs. Q2 2011 in revenue among the eight vendors listed.
- It may be noticed that Dassault’s Euro revenue growth rate of +17.34% YOY comparing Q2 2012 to Q2 2011, was completely obliterated in the conversion to dollars by the reduction in the multiplier of the Euro to $ conversion factor to 1.22 from 1.439 a year ago. Is it any wonder why Dassault uses ‘constant currencies’ for its own public reporting?
- Turning to Earnings in Table 2, we observe the leadership in total $ profit and “general” profitability of the G4 MCAD/MCAE vendors listed over their EDA brethren, the result of both larger total revenues and a larger % Return on Sales (ROS). HOWEVER, the EDA return on sales % is not too far below that of their MCAD/MCAE brethren, especially so in the most recent quarter Q2 2012, where the EDA ROS % came in only 1% less than the MCAD/MCAE %, 13% TO 14%, RESPECTIVELY.
Table 2 - Earnings
This is where the typical EDA and MCAD Commentary ends, followed by a few concluding paragraphs about the writer.
However, for the record, I promised some background:
The minimum level of contents of these “Almanac” Commentaries consists of reports on the financial results on a quarterly basis of a number of publicly-held EDA and/or MCAD/MCAE vendors selected by the writer.
Where feasible, certain vendor companies have been consistently included for reports posted every three months since the inception of these commentaries in 2003. Examples of this category are Cadence, Mentor Graphics, and Synopsys on the EDA side; and ANSYS, Autodesk, Dassault Systemes and PTC on the MCAD/MCAE side.
The EDA & MCAD/MCAE series is complemented by similar but separate quarterly reports that cover selected vendors in the important EDA subset of Electronics Intellectual Property (IP) Industry vendors, such as ARM Holdings plc and Rambus.
Beginning in 2003, each of the three categories (EDA, MCAD/MCAE, and IP) initially included vendor reports of other companies as well, but each category has since been gradually reduced in terms of the number of vendors covered over the last 10 years, mostly by virtue of a very active acquisition culture peculiar to this general industrial category.
Indeed, nine  vendors were chosen in early 2003 to represent the MCAD/MCAE market space. The entities initially covered were (1) ANSYS, (2) Autodesk, (3) Dassault Systèmes, (4) UGS PLM, (5) ESI Group, (6) Moldflow, (7) MSC.Software, (8) PTC and (9) Tecnomatix.
Likewise, in 2003 the junior circuit consisted nine  EDA software companies for ongoing coverage. Alphabetically they were (1) Altium, (2) Ansoft, (3) Cadence, (4) Magma, (5) Mentor Graphics, (6) Nassda, (7) Synopsys, (8) Synplicity and (9) Verisity.
Today the MCAD/MCAE space for reporting purposes consists of only (1) ANSYS, (2) Autodesk, (3) Dassault Systèmes, (5) ESI Group, and (8) PTC, often referred to as the “MCAD/MCAE Group of 5” or simply as the ”MCAD/MCAE G5.”
Likewise, today the EDA space for reporting purposes consists of only (1) Altium, (3) Cadence, (5) Mentor Graphics, (*) SpringSoft and (7) Synopsys, occasionally referred to as the “EDA Group of 5” or simply as the “EDA G5.”
All the vendor names in each original G9 list that have permanently disappeared over the years since 2003, have been acquired and absorbed. For example, previously-independent EDA vendors Magma, Nassda, Synplicity and Verisity have since been acquired by Cadence, Mentor Graphics or Synopsys; Ansoft was acquired by ANSYS; and still independent Altium was temporarily eliminated from the reports by the writer before earning back an EDA reportage position after a year’s absence. During Altium’s absence from the list, the writer chose to add and report on SpringSoft,* but the latter will likely be removed soon from the quarterly reports as well as it is slated to be absorbed by Synopsys.
The MCAD/MCAE space has likewise been diminished. As a result of the acquisition of Tecnomatix by UGS that closed April 1, 2005, Tecnomatix was eliminated from coverage thereafter as a separate entity. Then on May 7, 2007 UGS itself announced the close of its acquisition by Siemens AG effective May 4, 2007. Thereafter, the business went to market as UGS PLM Software (and later as Siemens PLM Software), a global division of the Siemens Automation and Drives (A&D) Group. Over the years UGS itself had bounced back and forth between being a public company and a private company under different ownerships. Regrettably, we have been able to gain very little separate insight into UGS' financial performance from public Siemens' corporate reports after the Siemens acquisition. Occasionally we will include isolated Siemens PLM Software news items that bear on the industry as a whole. Then, on June 25, 2008, Autodesk completed its acquisition of Moldflow Corporation, so thereafter Moldflow was eliminated from separate coverage.
Finally, on July 07, 2009 MSC.Software announced that it had entered into a definitive agreement with affiliates of Symphony Technology Group (STG) under which a company controlled by STG would acquire all of MSC's outstanding shares in a one-step cash merger transaction. This acquisition of MSC.Software by STG was finally consummated on October 14, 2009. No financial results for MSC.Software were published for Q3 2009, and none since. Unless and until such data are subsequently made available, MSC.Software has been dropped from financial reporting coverage herein, although occasionally MSC.Software news items that bear on the industry as a whole will be mentioned. Readers may be interested to see for example, the MCAD/MCAE Commentary about a late August 2011 interview with STG-selected CEO Dominic Gallello of MSC.Software at this URL:
While covered in an independent quarterly EDCafe.com report issued by the writer, the EDA Electronics IP Industry Commentaries started in 2003 with 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 nowadays, when we report on the Electronics IP Industry quarterly financials, the following IP G5 vendors are included: ARM Holdings, CEVA, MIPS Technologies, MoSys and Rambus.
In December 2011 a comprehensive report that combined financial data from both the EDA and MCAD/MCAE industries for the third quarter of 2011, was the EDA WEEKLY initially posted in EDACafe.com and MCADcafe.com on December 12, 2011, entitled,
Next in the sequence was a “Mini-Almanac” summary report posted as a BLOG-ONLY version on April 23, 2012, which carried the masthead as follows:
Dr. Russ Henke
The writer of the following article has posted over 100 articles on EDACafe.com since 2003, in the form of Quarterly Commentaries on the worldwide EDA. EDA IP, and MCAD/MCAE Industries as well as monthly editorials covering vendors, products, finances and new developments. Beginning April 2012 these … More ».........
“New Commentary: EDA & MCAD/MCAE Industry Mini-Almanac – Nominal Q4 2011”
Next was the full-fledged June 25, 2012 edition of the COMMENTARY, entitled,
which covered in detail vendor financial reports issued by the relevant vendors between April 25, 2012 and May 23, 2012.
This June 25, 2012 Nominal Q1 2012 issue was a full-fledged article that stood on its own, but it contained the seeds of a potential cross-referencing ENTRY that would characterize subsequent quarterly Almanac issues to come:
Namely, it contained an “Important Message” relating to the contents of the previous Q1 2012 Almanac, and this “Important Message” appeared on July 19, 2012 in the daily EDACafe NEWSLETTER. THE ESSENTIAL MESSAGE OF THIS PART II POSTING stated as follows:
The June 25, 2012 Almanac reports in detail on the financial results for nominal Q1 2012 of the following software vendors:
Keen readers immediately noticed that as recent as June 25, the EDA list of covered vendors was only four (4) vendors in length instead of the usual “Group of Five,’’ or “G5;” likewise for the MCAD/MCAE list. Indeed, readers of the June 25, 2012 Almanac and other EDA Commentaries of the recent past surely noticed that a replacement for MAGMA in these electronic newsletters had not yet been named. (MAGMA was acquired by Synopsys late last year).
The July 19, 2012 notice officially informed readers that Altium Limited had been restored as the fifth member of the EDA G5 (Group-of-Five), after a one-year absence.
This led directly to the BLOG of July 27, 2012, which contained an advanced release of one of the CHAPTERS (TWO) of the Q2 2012 Almanac, which CHAPTERS were all originally scheduled for 100%-simultaneous September posting:
Dr. Russ Henke
The writer of the following article has posted over 100 articles on EDACafe.com since 2003, in the form of Quarterly Commentaries on the worldwide EDA and EDA IP Industries as well as monthly Editorials covering vendors, products, finances and new developments. Beginning April 2012 these … More »
The EDA and MCAD/MCAE Almanac – Nominal Q2 2012 Part II
Altium announces unaudited update on financial
performance for year to June 30, 2012
On July 25, 2012, Electronics design software company Altium Limited announced an unaudited update on its financial results for the financial year ending June 30, 2012.
Nominal Q2 2012 Update
For Nominal Q2 2012, the three months ending June 30, 2012 Altium sales grew to US$20.1 million.
For the Fiscal Year 2012 overall, sales were US$61.2 million, up 21% over FY2011.
# # # # #
The following chart was prepared by the EDA Contributing Editor from data reported for Altium sales after three quarters of Fiscal 2012, which are compared in the chart below vs. three quarters of Fiscal 2011:
The factors in the last column for each area of the world served by Altium are generated by dividing sales totals of three quarters YTD for 2012 by the three quarters YTD for Fiscal 2011, after converting any euro numbers to US$.
POSSIBLE SCENARIOS: The lower right hand corner shows that THRU 9 mo. OF FY 2012, TOTAL ALTIUM SALES WERE 23.13% AHEAD OF 9 mo. of FY 2011.
EVEN IF Q4 ends up AN AVERAGE 2012 QUARTER, SALES FOR 2012 WILL BE AT LEAST $55832 VS $50590, OR GROWTH IN SALES FOR THE YEAR OF 10.45%.
IF Q4 2012 SALES MATCH THE ABSOLUTE TOTAL OF Q4 2011, WHICH WAS 50590 – 33398 = $17192, THEN 2012 COULD TOTAL $58316 = 15.27% GROWTH YEAR OVER YEAR.
IF SOMEHOW ALTIUM WERE TO CLOSE $20,000 SALES IN Q4 2012, GROWTH FOR THE 2012 YEAR WOULD BE 61124/50590 = 20.82% GROWTH IN SALES FOR YOY 2012 VS 2011. (RFH 6-20-12).
NOTE: ACTUAL ALTIUM financial FIGURES FOR Altium's 4th QUARTER to be eventually posted in a future Commentary for NOMINAL Q2 2012). For now, readers should be aware that the ACTUALLY REPORTED (BY ALTIUM) Q2 REVENUES ON JULY 25, 2012 WERE $21.2 MILLION!
THE RECENT COMMENTARY dated September 14, 2012 contained CHAPTER ONE OF THE EDA & MCAD/MCAE INDUSTRY ALMANAC – NOMINAL Q2 2012.
CHAPTER ONE WAS THE PROFILE ON FORTE DESIGN SYSTEMS, WHICH MAY BE VIEWED IN FULL AT THIS URL:
WE NOTED OF COURSE THAT CHAPTER TWO OF THE ALMANAC FOR Q2 20I2 HAD ALREADY BEEN POSTED ON JULY 27 2012, SOME 19 DAYS PRIOR TO THE SEPTEMBER 14 APPEARANCE OF CHAPTER ONE, BECACUSE CHAPTER TWO CONTAINED THE URGENT BREAKING NEWS OF THE EXCELLENT PRELIMINARY NOMINAL Q2 FINANCIAL RESULTS FROM ALTIUM LIMITED. AS EVENTUALLY DETAILED IN THE ALMANAC, ALTIUM WAS REPORTING AS EARLY AS THE 4th WEEK OF JULY IMPROVED APRIL THRU JUNE QUARTERLY SALES WHICH EXCEEDED THE LEVEL THE WRITER HAD SET AS THE MINIMUM NEEDED TO RESTORE ALTIUM TO COVERAGE IN THE EDA COMMENTARY.
Structure and Contents of this October 08 Posting
As stated in the September 14, 2012 issue, the original plan was for the total Q2 2012 Almanac ultimately to have four (4) separate chapters, each with its own initial publication date. As each new chapter is posted, the new chapter would be published in full, and any previous chapters will be easily referred to by inclusion of the previous chapter’s URL. This would permit the full almanac to be conveniently presented when each chapter at last became available.
So previous issues of the Almanac up to and including September 14, 2012 covered CHAPTERS ONE and TWO. and if we cover CHAPTERS THREE and FOUR in the current issue October 08, we will have all four scheduled chapters under our belts.
So again IN SUMMARY, the NOMINAL Q2 2012 ALMANAC INDEED HAS FOUR CHAPTERS, BUT WE DECIDED TO REUNITE CHAPTERS THREE AND FOUR INTO THIS THIRD AND FINAL OCTOBER 08 POSTING:
CHAPTER TITLE FORMAT FIRST POSTING
ONE: A Profile of Forte Design Systems COMMENTARY Sept. 14, 2012
TWO: ALTIUM PIECE BLOG July 27, 2012
THREE & FOUR:
MCAD/MCAE & EDA RESULTS Q2 2012 COMMENTARY OCT. 08, 2012
So the details related to CHAPTERS ONE AND TWO have both fulfilled the purposes of their inclusion, and both HAVE APPEARED IN PREVIOUS ISSUES. They also have laid the backgrounds of delivering the financials of the MCAD/MCAE Group in CHAPTER THREE and of the EDA Group in CHAPTER FOUR, combined in the current October 08 issue.
1. ALTIUM DETAILS
2. ACQUISITIONS BY THE EDA AND MCAD/MCAE
VENDORS IN THE PAST YEAR
3. THE MGC TECHNOLOGY LEADERSHIP AWARDS
October 8 Update on MGC Technology Leadership Awards
Loyal readers will recall the initial MGC TLA write up way back in the June 25, 2012 issue of the “EDA & MCAD/MCAE Almanac – Nominal Q1 2012.” That initial write up described the 24th year of the well known TLA competition among MGC PCB software users in multiple categories of Board Design.
What follows in this October 8, 2012 posting of the EDA Commentary is an update on the current status of this contest, now that some three months have passed. The 2012 TLA contest has once again attracted printed circuit board designers from around the world to submit their best board designs to a blue-ribbon external group of independent PCB Expert Judges, who will choose the best designs in each of a number of categories.
But before diving further into this October 8 update, you may first prefer to refresh your memories by accessing the initial announcement of this year’s Mentor Graphics’ TLA contest.
Feeling lucky? Use the sophisticated FIVE steps set out below to access the initial JUNE 25 write up, and then come back here to continue reading the Oct 8 update. (Readers may feel safer if they first copy, save and print these five steps now, for referral):
- Before you leave the current page, be sure to Bookmark this current page of the October 8 Almanac, so you can return to this spot immediately once you have refreshed your memories
- CLICK ON THE URL BELOW STEP 5;
- Then at the top of the very first page you see, click on the system’s “Find” command under “Edit” in the top left corner of your browser and type the word “Breaking”, and you’ll be taken immediately to the original JUNE 25 TLA announcement.
- When you have finished reading the relevant June 25 information, invoke your bookmark and return to the October 8 article.
- Depending on the browser brand, you may or may not be returned to the Oct 8 article at the exact spot you left the October 8 article. If not, scroll down manually to the spot, or at the top of the very first page you see, click on the system’s “Find” command under “Edit” in the top left corner of your browser and type the word “Breaking”, and you’ll be taken immediately to the right spot in the Oct 8 article.
“Breaking News from Mentor Graphics
24th Annual MGC PCB Technology Leadership Awards
IF YOU ARE SIMPLY CONTINUING WITH THE OCT 8 UPDATE, YOU SHOULD CONTINUE READING JUST BELOW.
OR, IF YOU TOOK THE FIRST DETOUR TO REFRESH YOUR MEMORIES, THIS IS SPOT WHERE YOU SHOULD RESUME READING THE OCT 8 UPDATE, AFTER RETURNING VIA YOUR FIRST “BOOKMARK”.
IF YOU REMAIN INTERESTED IN SEEING THE WINNING TLA BOARD DESIGNS AND WINNING DESIGNERS, MENTOR GRAPHICS will hold a WEB Seminar (Webinar) to announce the winners of the 24th TLA Competition on October 16, 2012 at 2:00 PM Eastern Time.
INSTRUCTIONS FOR REGISTERING TO ATTEND THIS FREE WEBINAR ARE GIVEN AT THE END OF THIS ARTICLE.
Continuing in its tradition of promoting and printed circuit board (PCB) design excellence, Mentor Graphics will announce the winners of this year’s TLA contest DURING THE WEBINAR.
Started in 1988, this program is the longest running competition of its kind in the electronic design automation (EDA) industry. It recognizes engineers and designers who use innovative methods and design tools to address today’s complex PCB systems design challenges, and produce industry-leading products.
Attend this webinar to see the designs that define the leading edge of the electronics industry.
What You Will Learn
- Winners of the 2012 TLA competition, including characteristics of leading edge designs and challenges faced during the design process
- Trends and statistics based on TLA entries over time
About the Presenter
David Wiens has over 20 years of experience in the EDA industry and is currently a product manager for the Systems Design Division of Mentor Graphics Corp. He joined Mentor Graphics in 1999 and previously held various engineering, marketing and management positions within the EDA industry. His focus areas have included advanced packaging, high-speed design, routing technology and integrated systems design.
Who Should Attend
- PCB designers and CAD team managers interested in how their industry peers are solving lead-edge design challenges
To Register for this Webinar, use the following process:
(Readers may feel safer if they first copy and save these new five steps now):
- Before you leave the current page, be sure to Bookmark this current page of the October 8 Almanac, so you can return to this spot immediately once you have registered;
- CLICK ON THE URL BELOW STEP 5;
- Fill out the registration form accurately.
- When you have finished registering for the Webinar, invoke your bookmark and return to the October 8 article.
- Depending on the browser brand, you may or may not be returned to the Oct 8 article at the exact spot you left the October 8 article. If not, scroll down manually to the spot, or at the top of the very first page you see, click on the system’s “Find” command under “Edit” in the top left corner of your browser and type the symbols #####, and you’ll be taken immediately to the right spot in the Oct 8 article.
ABOUT THE WRITER:
Since 1996, Dr. Russ Henke has been 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 numbers more than 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).
Dr. Henke was also 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 contributes to EDA COMMENTARY and MCAD COMMENTARY, and also writes a periodic blog for EDACafe.com and/or MCADCafe.com.
Since May 2003 HENKE ASSOCIATES has also published more than 100 independent commentary articles on MCAD, PLM, EDA and Electronics IP on IBSystems' MCADCafé and EDACafé. Such Commentaries are now part of the EDA and/or MCAD COMMENTARY entries.
Further information on HENKE ASSOCIATES, and URL's for past Commentaries, WEEKLIES, etc., are available at
March 31, 2012 marked the 16th Anniversary of the founding of HENKE ASSOCIATES.