latest news releases from the newsroom
Magma Design Automation
Magma and Common Platform Technology Alliance Deliver DFM Solution for 65 nm IC Design Success
SAN JOSE, Calif., Jan. 31, 2008 (PRIME NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced the availability of a qualified design for manufacturability (DFM) flow for ICs targeted at 65-nanometer (nm) processes of Common Platform technology -- an alliance between IBM, Chartered Semiconductor Manufacturing and Samsung. The flow is based on Magma's DFM-aware design environment that accounts for process variability and lithographic effects in the context of timing, power, noise and yield. With this flow, Magma and the Common Platform technology alliance enable mutual customers to meet their performance, yield and time-to-market goals.
Financial Institutions, Inc.
Loan Portfolio Performance Drives Solid Results At Financial Institutions
WARSAW, N.Y., Jan. 31, 2008 (PRIME NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq:FISI), the parent company of Five Star Bank, today announced financial results for the fourth quarter and year ended December 31, 2007. Net income for Financial Institutions, Inc. ("FII") was $4.1 million, or $0.34 per diluted share, for the fourth quarter of 2007, compared with $3.0 million, or $0.23 per diluted share, for the fourth quarter of 2006. For the year ended December 31, 2007, net income was $16.4 million, or $1.33 per diluted share, compared with $17.4 million, or $1.40 per diluted share for the prior year.