"We are pleased with today's ruling, given the high hurdle for motions to dismiss," said David Stanley, Magma special counsel. "The court decides motions to dismiss based only on allegations in the pleadings and not on evidence presented. We hope to prevail on these issues when the court hears all the evidence, as a filing for summary judgment will make available to us.
"It is important to realize that this is merely one salvo in an ongoing legal battle," Stanley added.
The court's order and other documents relevant to this matter are available on the Magma website at www.magma-da.com/PatentLitigation.html.
Magma provides leading software for designing highly complex integrated circuits while maximizing Quality of Results with respect to area, timing and power, and at the same time reducing overall design cycles and costs. Magma provides a complete RTL-to-GDSII design flow that includes design planning, prototyping, synthesis, place & route, and signal and power integrity chip design capabilities in a single executable, offering "The Fastest Path from RTL to Silicon"(TM). Magma's software also includes products for advanced physical synthesis and architecture development tools for programmable logic devices (PLDs); capacitance extraction; and characterization and modeling. The company's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.
Magma and Blast Fusion are registered trademarks and Blast Create, Blast Plan, Blast Power, Blast Rail and "The Fastest Path from RTL to Silicon" are trademarks of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.
Except for the historical information contained herein, the matters set forth in this press release, such as Magma's hope to prevail on in issues in court, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including risks inherent in litigation. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission ( www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements.
Magma Design Automation Inc. Monica Marmie, 408-565-7689 Email Contact