I had to laugh out loud when I read the press release where Cadence blames Mentor for their own failed bid. Even more laughable was Mentor’s feigned “shock” at Cadence withdrawing their hostile bid. I’m 100% certain… Cadence Eats Humble Pie
Cadence stock fell some 30% today after Michael Fister talked about lower sales and earnings than expected according to an article in the Oregonian . Here’s my favorite analyst quote: Terence Whalen, a Citigroup analyst, asked Fister… CDNS stock in free-fall, let Mentor go
Mentor’s latest cash offer was accepted today by the board at Flomerics. It’s likely that the Flomerics CEO and vocal staff will not make the transition into Mentor. I can see how the Mentor sales team could… Flomerics Accepts Mentor Bid
Mentor just extended their cash offer to buy Flomerics at a value of just 1.2X historic revenue, however they still don’t want to be acquired. Good for them! Let’s see if Autodesk comes to the rescue of… Flomerics said no, twice!
Interesting article in our local Oregonian newspaper about this high-tech investment banker showing up at the annual Mentor shareholder meeting last week. Nobody knows if he’s working for CDN, MENT or somebody else. It kind of reminds… Who is Frank Quattrone? CDN and MENT
I guess that my title sums up the strategic blunder that Cadence is making in their bid for Mentor Graphics. So, why is this such a big mistake for Cadence and the EDA industry? Product… Cadence Makes Colossal Error in Bid to Acquire Mentor
I’m a SPICE and transistor-level IC guy so will make the rounds on Monday to see: Nascentric (OmegaSim – FastSPICE) Berkeley DA (Analog FastSPICE) Synopsys (HSIM, NanoSim – FastSPICE) Mentor (AdIT – FastSPICE) Cadence (UltraSim… Daniel’s DAC list of companies to see
Flomerics management is urging shareholders to reject the bid by Mentor Graphics, and this reminds me of when Mentor tried to acquire Quickturn.
Bad NewsMentor – Lost $0.30/share on revenue of $179.2M with estimates of Q2 revenue at $173M and a loss of $0.23/share. Q1 is historically Mentor’s weakest quarter plus they exited the IP business. Good NewsSynopsys – Earned… Q1 Financial Summary
Mentor Graphics has bid to acquire Flomerics after purchasing some 26% of their stock. Flomerics has simulators for: Electronics Cooling, Engineering Fluid Dynamics, and Building HVAC. What I see is that 1/3rd of Flomerics products have a direct connection… EDA hostility