WILSONVILLE, OR -- A Mentor Graphics shareholder has filed a class-action lawsuit against the EDA company over its poison pill defense aimed at preventing a hostile takeover of the firm.

SYDNEY – At some point this year, a flight attendant will shut the doors of a plane in Sydney Airport, the jet will push back and taxi down the runway. Liftoff will soon follow, and with that, Altium will be an Australian company in name only.

The ECAD software developer announced yesterday it would move all its core R&D, marketing and executive personnel and functions to Shanghai by year-end. It was a decision that took most by surprise, including some in the company, for the firm had only made up its mind within the past four weeks. Read more ...

SYDNEY – ECAD developer Altium reported third-quarter sales of $11.3 million, up 2% year-over-year.

The printed circuit board software firm posted total revenue, including maintenance, consulting and other services, of $11.9 million, up 5% compared to the prior year period.

The Americas accounted for $4.6 million in sales, up 6% year-over-year, while Greater China brought in $1.2 million, up 26% compared to the third quarter of 2010. Asia-Pacific outside of China saw a drop of 30% in sales.

Altium separately announced it would relocate its executive, R&D and marketing operations and personnel to Shanghai later this year. http://pcdandf.com/cms/designnews/7913-altium-to-relocate-global-hq-to-shanghai