TAIPEI – MiTAC International reported preliminary January revenue of NT$3.5 billion, down 37% year-over-year.
The company, a leading designer and assembler of computers, IT and consumer electronics, said sales were down 8.2% from December, the result of the global recession.
MiTAC designs and builds a variety of electronics products, including the Magellan Navigation systems, which it acquired last year.
SAN JOSE, CA -- The Electronic Design Automation (EDA) Consortium announced it has appointed Cadence president and CEO Lip-Bu Tan to its board of directors to serve the organization through the spring of 2010.
"We are delighted to have Lip-Bu join our board of directors at this pivotal point in the organization's history," said EDA Consortium executive director, Robert Gardner. "With our connections to the semiconductor industry and the greater electronics design community becoming more vital than ever, it is critical that member companies of the EDA Consortium continue to come together to ensure that the collective needs of the industry are effectively represented."
Serving with Lip-Bu Tan are:
Walden C. Rhines, EDA Consortium chairman, and chairman and CEO of Mentor Graphics Corporation. Aart de Geus, EDA Consortium vice-chairman, and chairman and CEO of Synopsys, Inc. Kathryn Kranen, EDA Consortium vice-chairman, and president and CEO of Jasper Design Automation, Inc. John Bourgoin, EDA Consortium director, and president and CEO of MIPS Technologies, Inc. John Kibarian, EDA Consortium director, and president, CEO and co-founder of PDF Solutions, Inc. Rajeev Madhavan, EDA Consortium director, and chairman & CEO of Magma Design Automation, Inc. Chris Rowen, EDA Consortium director, and founder & CTO of Tensilica, Inc. Sanjay Srivastava, EDA Consortium director, and president and CEO of Denali Software, Inc.
WILSONVILLE, OR – Mentor Graphics Corp. has expanded its Displaced Worker Program to include online training courses taught by expert instructors.
The program was created in 2002 and provides free training to displaced electronics designers and engineers. Classroom instruction takes place at Mentor training centers located throughout the US. With the addition of the online courses, participants can access training courses from remote locations.
“Offering complimentary access to our online community and training offerings is something we can do to give back to those who use EDA tools,” said Tom Floodeen, vice president and general manager of customer support.
Courses are open to pre-qualified engineers and designer who meet certain requirements. Information about the program and enrollment forms can be found at: www.mentor.com/training_and_services/training/dwp/.
WILSONVILLE, OR -- Mentor Graphics announced preliminary results for the quarter ending January 31, 2009, expecting revenue of $243 million, 10% lower than November projections.
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SAN JOSE, CA – Magma Design Automation Inc. will cut 17% of its workforce, consolidate several plants and reduce salaries as part of a cost-saving measure. According to Roy Jewell, president and COO, the layoffs reach all departments and global facilities. In October, Magma eliminated approximately 10% of its 1,000 employees. During the third quarter, the company implemented a 20% salary reduction for senior management and smaller reductions for most other employees. It closed two sales and support offices in North America and one in Europe. There are also plans to consolidate operations in Beijing and Shanghai.
The measures are expected to reduce total annual costs by nearly $20 million for fiscal year 2010. “We are taking steps necessary to align our expenses with the revised business outlook announced in December,” said Jewell.
SAN JOSE, CA – Cadence Design Systems Inc. announced fourth-quarter revenues fell a staggering 102% from last year to $227 million. Revenue for the year was reported at $1.04 billion, down 36% from $1.62 billion.