SAN JOSE, Calif., April 26, 2007 (PRIME NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of semiconductor design software, announced it will conduct its 2007 Analysts Briefing on May 1, 2007 in New York City. Members of Magma's management team will discuss the company's business strategy, growth drivers and financial overview.
The event will be broadcast live on the Internet and accessible via the Magma website at http://investor.magma-da.com/medialist.cfm on May 1 beginning at 9 a.m. EDT. A replay of the webcast will be accessible within approximately two hours of the live event's conclusion.
Magma will announce financial results for its 2007 fourth quarter and fiscal year, which ended April 1, 2007, after market close today.
About Magma
Magma's software for integrated circuit (IC) design is recognized as embodying the best in semiconductor technology. The world's top chip companies use Magma's EDA software to design and verify complex, high-performance ICs for communications, computing, consumer electronics and networking applications, while at the same time reducing design time and costs. Magma provides software for IC implementation, analysis, physical verification, characterization and programmable logic design, and the company's integrated RTL-to-GDSII design flow offers "The Fastest Path from RTL to Silicon"(tm). 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 "The Fastest Path from RTL to Silicon" is a trademark of Magma Design Automation Inc. All other product and company names are trademarks and registered trademarks of their respective companies
FORWARD-LOOKING STATEMENTS:
Except for the historical information contained herein, the matters set forth in this press release, including statements about the features and benefits of Magma's software are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to Magma's ability to keep pace with rapidly changing technology and Magma's products' abilities to produce desired results. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements.
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