Magma Announces First Quarter Fiscal 2008 Financial Results Webcast


SAN JOSE, Calif., July 5, 2007 (PRIME NEWSWIRE) --



 WHO:      Magma(r) Design Automation Inc. (Nasdaq:LAVA).

 WHAT:     Live webcast and conference call to discuss financial
           results for Magma's fiscal 2008 first quarter, ended
           July 1, 2007.  The call will be hosted by Rajeev Madhavan,
           chief executive officer; Roy E. Jewell, president and chief
           operating officer; and Peter S. Teshima, chief financial
           officer.

 WHEN:     The webcast and conference call will be Thursday, July 26,
           2007, at 1:30 p.m. PDT. Magma will release its
           first-quarter financial results after the market closes on
           July 26.

 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
           August 2, 2007.

 PHONE:    Listen to the live call by telephone at the numbers below:
            U.S. & Canada:  (800) 810-0924
            Elsewhere:      (913) 981-4900

           A telephone replay will be available beginning at
           3:30 p.m. PDT on July 26 until 11:59 p.m. PDT on August 2
           at the numbers below:
            U.S. & Canada:  (719) 457-0820, code #4774559
            Elsewhere:      (888) 203-1112, code #4774559

About Magma

Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips for 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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