February 02, 2009
You Can Never Have Too Much Performance
Please note that contributed articles, blog entries, and comments posted on EDACafe.com are the views and opinion of the author and do not necessarily represent the views and opinions of the management and staff of Internet Business Systems and its subsidiary web-sites.
Jack Horgan - Contributing Editor


by Jack Horgan - Contributing Editor
Posted anew every four weeks or so, the EDA WEEKLY delivers to its readers information concerning the latest happenings in the EDA industry, covering vendors, products, finances and new developments. Frequently, feature articles on selected public or private EDA 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!


Virage Logic Announces Restructure Virage Logic Corporation announced a restructure as part of its on-going transformation to become a broad line supplier of highly differentiated standard IP products. The restructure includes the consolidation of two smaller R&D sites into four major R&D centers and closer alignment of sales resources to market opportunities. As a result of the restructure and the anticipated increase in efficiencies, the company expects to realize approximately a 13% reduction in labor expenses.


TI reports financial results for 4Q08 and 2008 Texas Instruments Incorporated announced fourth-quarter revenue of $2.49 billion, net income of $107 million and earnings per share (EPS) of $0.08.


These financial results include restructuring charges of $0.13 per share. Without the charges, EPS would have been $0.21, considerably better than the company's mid-quarter expectations.


TI also announced it is making reductions in employment because demand has continued to weaken with the slowing economy. Employment will be reduced 12 percent through 1800 layoffs and 1600 voluntary retirements and departures. Charges for these employment reductions will be about $300 million. Annualized savings from these reductions, plus those announced in October for the restructuring of the company's Wireless business, will be about $700 million after all reductions are complete in the third quarter of 2009.

Revenue for the quarter was down 30% year-over-year and net income was down 86%. Revenue for the year was down 10% and net income down 27%.


Mentor Graphics Extends High Level Synthesis Leadership with Acquisition of Agility Design Solutions Inc. C Synthesis Suite Mentor Graphics Corporation announced completion of the acquisition of the C synthesis assets of Agility Design Solutions Inc. These tools were formerly owned and marketed by Celoxica Holdings. Mentor Graphics intends to offer continued sales and support to existing customers, as well as an upgrade path to Catapult C® Synthesis, the market-leading high level synthesis tool.


ATopTech Closes Successful 2008, Reaches Revenue Milestone ATopTech, Inc announced that it achieved solid growth in 2008, ending the year with an 8-fold increase in production tape-outs and a broader customer base than it enjoyed in 2007. Revenues increased by 250 percent over 2007, aided by new orders and the company signing its first 8-figure contract with a customer.


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-- Jack Horgan, EDACafe.com Contributing Editor.




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