Magma Announces Third Quarter Fiscal 2008 Financial Results Webcast


SAN JOSE, Calif., Jan. 10, 2008 (PRIME NEWSWIRE) --



 WHAT:    Magma(r) Design Automation Inc. (Nasdaq:LAVA) will conduct
          a live webcast and conference call to review financial
          results for its  fiscal 2008 third quarter, which ended
          Jan. 6, 2008.

 WHEN:    The webcast and conference call will begin Thursday, Jan.
          31, 2008, at 2 p.m. PST. Magma will release third quarter
          financial results after the market close on Jan. 31.

 WHO:     Rajeev Madhavan, chief executive officer; Roy E. Jewell,
          president and chief operating officer; and Peter S. Teshima,
          chief financial officer, will host the call.

 WEBCAST: The live webcast will be available online at
          http://investor.magma-da.com/medialist.cfm. A replay of the
          webcast will be available on Magma's website through Feb. 7,
          2008.

 PHONE:   Listen to the live call by telephone at the numbers below:
           U.S. & Canada:   (888) 233-7970
           Elsewhere:       (913) 312-0380

          A telephone replay will be available beginning at 5 p.m. PST
          on Jan. 31 until 11:59 p.m. PST on Feb. 7 at the numbers
          below:
           U.S. & Canada:   (719) 457-0820, code #4230942
           Elsewhere:       (888) 203-1112, code #4230942

About Magma

Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips required in cellular telephones, electronic games, WiFi, MP3 players, DVD/digital video, networking, automotive electronics and other electronic applications. Magma's EDA software for IC implementation, analysis, physical verification, circuit simulation and characterization is recognized as embodying the best in semiconductor technology, enabling the world's top chip companies to "Design Ahead of the Curve"(tm) while reducing design time and costs. Magma is headquartered in San Jose, Calif., with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma is a registered trademark and "Design Ahead of the Curve" is a trademark of Magma Design Automation Inc.

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