News Releases

Synopsys Posts Financial Results for Second Quarter of Fiscal 2005
PRNewswire-FirstCall
MOUNTAIN VIEW, Calif.

Synopsys, Inc. (NASDAQ: SNPS), a world leader in semiconductor design software, today reported results for its second quarter ended April 30, 2005.

For the second quarter of fiscal 2005, Synopsys reported revenue of $244.3 million, a 1% increase compared to the first quarter of fiscal 2005, and a 17% decrease from $294.6 million in the second quarter of fiscal 2004. For the six-month period ended April 30, 2005, revenue was $485.6 million, a decrease of 16% from revenue of $579.9 million for the same period in fiscal 2004. The year-over-year comparisons reflect the company's shift to an almost-fully ratable license model initiated in the fourth quarter of fiscal 2004, under which most of the company's license revenue is recognized over time rather than upfront in the quarter shipped. As a result, in the most recent quarter more than 90% of revenue came from backlog.

"Synopsys had another very solid quarter," said Aart de Geus, CEO of Synopsys. "We are clearly on the offensive with strong technical momentum, and are making good progress on our growth objectives."

GAAP Results

On a generally accepted accounting principles (GAAP) basis, for the second quarter of fiscal 2005 net loss was ($4.9) million, or ($0.03) per share, better than Synopsys internal targets and an improvement over the first quarter of fiscal 2005. In the second quarter of last year, net income was $28.7 million, or $0.18 per share.

GAAP net loss for the six-month period ended April 30, 2005 was ($19.3) million, or ($0.13) per share, compared to net income of $60.9 million, or $0.37 per share, for the same period in 2004.

Non-GAAP Results

On a non-GAAP basis, net income for the second quarter of fiscal 2005 was $12.7 million, or $0.09 per share, compared to non-GAAP net income of $57.1 million, or $0.35 per share, for the second quarter of fiscal 2004. Non-GAAP net income for the six-month period ended April 30, 2005 was $27.4 million, or $0.19 per share, compared to $111.4 million, or $0.68 per share, for the same period in 2004. Non-GAAP net income consists of GAAP net income excluding, to the extent incurred in a particular quarter or period, amortization of intangible assets and deferred stock compensation, in-process research and development charges, integration and other acquisition-related expenses and one-time items and facilities and workforce realignment charges.

The decreases in GAAP and non-GAAP net income for these periods were due primarily to the decrease in revenue caused by our shift to an almost-fully ratable license model in the fourth quarter of fiscal 2004.

Financial Targets

Synopsys also announced its operating model targets for the third quarter and full fiscal year 2005. These targets constitute forward-looking information and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below.

  Third Quarter of Fiscal 2005 Targets:
  -- Revenue:  $243 million - $253 million
  -- GAAP expenses: $252 million - $263 million
  -- Non-GAAP expenses:  $228 million - $238 million
  -- GAAP other income and expense: $30 million - $37 million (including
     preliminary estimate of valuation of Nassda litigation settlement)
  -- Non-GAAP other income and expense:  $0 million - $4 million (excluding
     preliminary estimate of valuation of Nassda litigation settlement)
  -- Fully diluted outstanding shares:  142 million - 150 million
  -- Tax rate applied in Non-GAAP net income calculations:  28%
  -- GAAP earnings: $0.08 - $0.12 per share
  -- Non-GAAP earnings:  $0.06 - $0.10 per share
  -- Revenue from backlog:  more than 90% of revenue

  Full-Year Fiscal Year 2005 Targets
  -- Revenue:  $960 million - $990 million
  -- Fully diluted outstanding shares:  142 million - 150 million
  -- Tax rate applied in Non-GAAP net income calculations:  31%
  -- GAAP earnings: $(0.06) - $(0.01) per share
  -- Non-GAAP earnings:  $0.31 - $0.39 per share

These targets supersede all fiscal 2005 financial targets previously published by Synopsys and include Synopsys' current best estimate of the impact of the acquisition of Nassda Corporation, which Synopsys completed on May 11, 2005 on the results of the combined company.

GAAP Reconciliation

Non-GAAP net income consists of GAAP net income excluding, to the extent incurred in a particular period, amortization of intangible assets and deferred stock compensation, in-process research and development charges, integration and other acquisition-related expenses and one-time items and facilities and workforce realignment charges. Intangible assets consist primarily of purchased technology, contract rights intangible, customer- installed base/relationships, trademarks and trade names, covenants not to compete, customer backlog and other intangibles. Non-GAAP net income is reduced by the amount of additional taxes that Synopsys would accrue if it used non-GAAP results instead of GAAP results to calculate Synopsys' tax liability.

Synopsys' management evaluates and makes operating decisions primarily based on the bookings and revenues of its core software and services business operations, the direct, ongoing and recurring costs of those operations such as cost of revenues and operating expenses, and gross margin and operating income. Management does not believe amortization of intangible assets and deferred stock compensation, in-process research and development charges, integration and other acquisition-related expenses and one-time items and facilities and workforce realignment charges are ordinary, ongoing and recurring operating costs of core software and services business operations. Therefore, management calculates the non-GAAP financial measures provided in this earnings release excluding these costs and uses these non-GAAP financial measures to enable it to analyze further and more consistently the period-to- period financial performance of its core business operations. Management believes that, although it is important for investors to understand GAAP measures, providing investors with these non-GAAP measures gives them additional important information to enable them to assess, in a way management assesses, Synopsys' current and future continuing operations.

Reconciliation of Second Quarter Results

The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP earnings per share and non-GAAP expenses for the second quarter of fiscal 2005. A reconciliation of non-GAAP to GAAP net income for the second quarter is included in the Unaudited Condensed Consolidated Statements of Income contained elsewhere in this release.

        GAAP to Non-GAAP Reconciliation of Second Quarter Results
                  (in thousands, except per share data)

                                        Three Months Ended  Six Months Ended
                                             April 30,          April 30,
                                          2005     2004      2005     2004

   GAAP earnings (loss) per share       $(0.03)    $0.18   $(0.13)    $0.37
   Amortization of intangible assets
    and deferred stock compensation       0.25      0.21     0.50      0.42
   Merger termination fee                   --      0.06       --      0.06
   In-process research and development      --        --     0.04        --
   Work force realignment charges at a
    lower cost than estimated               --        --       --     (0.01)
   Facilities realignment charges           --        --       --      0.01
   Tax effect                            (0.13)    (0.10)   (0.22)    (0.17)
   Non-GAAP earnings (loss) per share    $0.09     $0.35    $0.19     $0.68


  Reconciliation of Estimated Target Operating Results

The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below:

GAAP to Non-GAAP Reconciliation of Target Third Quarter and Fiscal Year 2005

                                 Targets
                  (in thousands, except per share data)

                                                     Range for Three Months
                                                      Ending July 31, 2005
                                                          Low       High

   Target GAAP expenses                                 $252,000   $263,000
   Adjustment:
     Estimated impact of amortization of intangible
      assets and deferred stock compensation              24,000     25,000
   Target Non-GAAP expenses                             $228,000   $238,000


Range for Three Months
Ending July 31, 2005
Low    High
   Target GAAP earnings per share                          $0.08      $0.12
   Adjustment:
     Estimated impact of amortization of intangible
      assets and deferred stock compensation per share      0.16       0.17
     Estimated litigation settlement                       (0.21)     (0.23)
     Income tax effect of Non-GAAP adjustments              0.03       0.04
   Target Non-GAAP earnings per share                      $0.06      $0.10

   Shares used in calculation (midpoint of target range) 146,000    146,000


                                                      Range for Fiscal Year
                                                     Ending October 31, 2005
                                                           Low       High

   Target GAAP earnings per share                         $(0.06)    $(0.01)
   Adjustment:
     In-process research and development                    0.04       0.04
     Estimated impact of amortization of intangible
      assets and deferred stock compensation per share      0.79       0.79
     Estimated litigation settlement                       (0.21)     (0.23)
     Income tax effect of Non-GAAP adjustments             (0.25)     (0.20)
   Target Non-GAAP earnings per share                      $0.31      $0.39

   Shares used in calculation (midpoint of target range) 146,000    146,000


  Additional Financial Information Available on Synopsys Website

In connection with this earnings release, Synopsys is making available to investors supplemental financial information, which can be found on Synopsys' website at http://www.synopsys.com/corporate/invest/finsupp/q205.pdf. Synopsys currently intends to provide this information on a quarterly basis.

Earnings Call Open to Investors

Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m., Pacific Time. A live webcast of the call will be available at Synopsys' corporate website at http://www.synopsys.com/corporate/invest/invest.html. A recording of the call will be available by calling 1-888-428-4470 (612-332-0530 for international callers), access code 781006, beginning at 5:30 p.m. Pacific Time today. A webcast replay will also be available at http://www.synopsys.com/corporate/invest/invest.html from approximately 5:30 p.m. Pacific Time today through the time of the announcement of Synopsys' results for the third quarter of fiscal 2005 in August 2005. In addition, Synopsys will post copies of the prepared remarks of Aart de Geus, Chairman and Chief Executive Officer, and Steve Shevick, Chief Financial Officer, on its website at http://www.synopsys.com/corporate/invest/invest.html following the call.

Effectiveness of Information

The targets included in this release, the statements made during the earnings conference call and the information contained in the financial supplement represent Synopsys' expectations and beliefs as of the date of this release only. Although this release, copies of the prepared remarks of the Chief Executive Officer and Chief Financial Officer made during the call and the financial supplement will remain available on Synopsys' website through the date of the third quarter earnings call in August 2005, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys does not currently intend to report on its progress during the third quarter of fiscal 2005 or comment to analysts or investors on, or otherwise update, the targets given in this earnings release until it releases such results in August 2005. Furthermore, Synopsys is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the financial supplement whether as a result of new information, future events or otherwise unless required by law.

Availability of Final Financial Statements

Synopsys will include final financial statements for the second quarter of fiscal 2005 in its Quarterly Report on Form 10-Q to be filed in June 2005.

About Synopsys

Synopsys, Inc. (NASDAQ: SNPS) is a world leader in electronic design automation (EDA) software for semiconductor design. The company delivers technology-leading semiconductor design and verification platforms and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips. Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at http://www.synopsys.com/.

Forward-Looking Statements

The statements made in this press release regarding projected financial results in the sections entitled "Financial Targets," and "GAAP Reconciliation -- Reconciliation of Estimated Target Operating Results" and certain statements made in the earnings conference call are forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those described by these statements due to a number of uncertainties, including but not limited to the risk of:

  -- weakness or continued budgetary caution in the semiconductor or
     electronic systems industries;
  -- lower-than-expected research and development spending by semiconductor
     and electronic systems companies;
  -- lower-than-anticipated purchases or delays in purchases of software or
     consulting services by Synopsys' customers, including delays in the
     renewal, or non-renewal, of Synopsys' license arrangements with major
     customers;
  -- unexpected changes in the mix of time-based licenses and upfront
     licenses;
  -- lower-than-expected bookings of licenses on which revenue is recognized
     upfront;
  -- lower-than-anticipated new IC design starts;
  -- competition in the market for Synopsys' products and services;
  -- failure to continue to improving Synopsys' existing products;
  -- failure to successfully develop additional intellectual property blocks
     for Synopsys' IP business or to develop and integrate its design for
     manufacturing products;
  -- difficulties in the ongoing integration of the products and operations
     of acquired companies or assets into Synopsys' products and operations;
     and
  -- continued downward pressure on maintenance orders, adversely affecting
     Synopsys' future level of service revenue.

In addition, Synopsys' actual expenses, other income and expense and earnings per share on a GAAP basis for the fiscal quarter ending July 31, 2005 and earnings per share and estimated operating cash flow on a GAAP basis for full fiscal year 2005 could differ materially from the targets stated under "Financial Targets" above for a number of reasons, including (i) a determination by Synopsys that any portion of its intangible assets have become impaired, (ii) changes in deferred stock compensation expenses caused by employee terminations, (iii) completion of purchase price accounting and litigation settlement valuation for the Nassda acquisition which closed on May 11, 2005, (iv) application of actual consolidated GAAP tax rate for such periods, (v) integration and other acquisition-related expenses and one-time items, amortization of additional intangible assets and deferred stock compensation associated with future acquisitions, if any, and (vi) increases or decreases to estimated capital expenditures.

For further discussion of these and other factors that may cause results to differ from those projected in this release, readers are referred to the reports which Synopsys has filed with the Securities and Exchange Commission, and which are available at www.sec.gov, particularly the information contained in Part I, Item 2 of Synopsys' Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2005 filed with the SEC on March 10, 2005 under the caption entitled "Factors That May Affect Future Results." Synopsys is under no obligation to (and expressly disclaims any such obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.

Synopsys is a registered trademark of Synopsys, Inc. All other trademarks mentioned in this release are the intellectual property of their respective owners.

                              SYNOPSYS, INC.
         Unaudited Condensed Consolidated Statements of Income(1)
                  (in thousands, except per share data)

                       Three Months Ended             Three Months Ended
                         April 30, 2005                April 30, 2004

                   GAAP   Adjust-  Non-GAAP      GAAP      Adjust-  Non-GAAP
                  Basis    ments     Basis       Basis     ments     Basis

  Revenue:
    Time-based
     license    $175,781      --   $175,781     $162,946      --   $162,946
    Upfront
     license      17,183      --     17,183       75,812      --     75,812
    Service       51,375      --     51,375       55,846      --     55,846
      Total
       revenue   244,339      --    244,339      294,604      --    294,604
  Cost of
   revenue:
    License       23,201      --     23,201       22,192      --     22,192
    Maintenance
     and
     services     18,423      --     18,423       16,991     111     17,102
    Amortization
     of
     intangible
     assets and
     deferred
     stock
     compensation 28,099  (28,099)       --       25,715  (25,715)       --
      Total cost
       of
       revenue    69,723  (28,099)   41,624       64,898  (25,604)   39,294
  Gross margin   174,616   28,099   202,715      229,706   25,604   255,310
  Operating
   expenses:
    Research
     and
     development  80,025       --    80,025       70,136      271    70,407
    Sales and
     marketing    80,779       --    80,779       74,885      209    75,094
    General and
     admini-
     strative     25,311       --    25,311       38,474  (10,473)   28,001
    Amortization
     of
     intangible
     assets and
     deferred
     stock
     compensation  8,829    (8,829)      --        8,636    (8,636)      --
      Total
       operating
       expenses  194,944    (8,829) 186,115      192,131   (18,629) 173,502
  Operating
   (loss)
   income        (20,328)   36,928   16,600       37,575    44,233   81,808
  Other income,
   net             1,322        --    1,322          925        --      925
  (Loss) income
   before
   (benefit from)
    provision
    for income
    taxes        (19,006)   36,928   17,922       38,500    44,233   82,733
  (Benefit from)
   provision for
   income taxes  (14,034)   19,233    5,199        9,761    15,886   25,647
  Net (loss)
   income        $(4,972)  $17,695  $12,723      $28,739   $28,347  $57,086
  Basic earnings
   per share:
    Net (loss)
     income per
     share        $(0.03)             $0.09        $0.19              $0.37
    Weighted-
     average
     common
     shares      144,801            144,801      154,806            154,806
  Diluted
   earnings
   per share:
    Net (loss)
    income per
    share         $(0.03)             $0.09        $0.18              $0.35
    Weighted-
     average
     common
     shares and
     equivalents 144,801            145,684      161,840            161,840

  (1) The Company's fiscal year and second quarter ends on the Saturday
      nearest to October 31 and April 30, respectively. For presentation
      purposes, the unaudited condensed consolidated financial statements
      refer to a calendar month end.


                              SYNOPSYS, INC.
        Unaudited Condensed Consolidated Statements of Income (1)
                  (in thousands, except per share data)

                       Six Months Ended               Six Months Ended
                        April 30, 2005                 April 30, 2004
                   GAAP   Adjust-  Non-GAAP      GAAP      Adjust-  Non-GAAP
                  Basis    ments     Basis       Basis     ments     Basis

  Revenue:
    Time-based
     license    $362,065      --    $362,065    $333,544     --    $333,544
    Upfront
     license      27,981      --      27,981     135,302     --     135,302
    Service       95,597      --      95,597     111,022     --     111,022
      Total
       revenue   485,643      --     485,643     579,868     --     579,868
  Cost of
   revenue:
    License       48,048      --      48,048      42,523     197     42,720
    Maintenance
     and services 35,452      --      35,452      32,542     111     32,653
    Amortization
     of intangible
     assets and
     deferred
     stock
     compensation 56,198  (56,198)        --      50,955 (50,955)        --
      Total
       cost of
       revenue   139,698  (56,198)    83,500     126,020 (50,647)    75,373
  Gross margin   345,945   56,198    402,143     453,848  50,647    504,495
  Operating
   expenses:
    Research
     and
     development 152,942       --    152,942     140,473     754    141,227
    Sales and
     marketing   164,769       --    164,769     145,631     580    146,211
    General and
     admini-
     strative     49,534       --     49,534      67,611 (12,155)    55,456
    In-process
     research
     and
     development  5,700    (5,700)        --          --      --         --
    Amortization
     of
     intangible
     assets and
     deferred
     stock
     compen-
     sation      17,681   (17,681)        --      17,880  (17,880)       --
      Total
       operating
       expenses 390,626   (23,381)   367,245     371,595  (28,701)  342,894
  Operating
   (loss)
   income       (44,681)   79,579     34,898      82,253   79,348   161,601
  Other income
   (expense),
   net            6,521        --      6,521        (144)      --      (144)
  (Loss) income
   before
   (benefit
   from)
   provision
   for income
   taxes        (38,160)   79,579     41,419      82,109    79,348  161,457
  (Benefit
   from)
   provision
   for income
   taxes        (18,863)   32,871     14,008      21,218    28,833   50,051
  Net (loss)
   income      $(19,297)  $46,708    $27,411     $60,891   $50,515 $111,406
  Basic
   earnings
   per share:
    Net (loss)
     income
     per share   $(0.13)               $0.19       $0.39              $0.72
    Weighted-
     average
     common
     shares     145,429              145,429     155,556            155,556
  Diluted
   earnings
   per share:
    Net (loss)
     income
     per share   $(0.13)               $0.19      $0.37               $0.68
    Weighted-
     average
     common
     shares
     and
     equiv-
     alents     145,429              146,340    163,779             163,779

  (1) The Company's fiscal year and second quarter ends on the Saturday
      nearest to October 31 and April 30, respectively. For presentation
      purposes, the unaudited condensed consolidated financial statements
      refer to a calendar month end.


                              SYNOPSYS, INC.
           Unaudited Condensed Consolidated Balance Sheets (1)
                              (in thousands)

                                            April 30, 2005  October 31, 2004

  ASSETS:
  Current assets:
    Cash and cash equivalents                   $343,129        $346,709
    Short-term investments                       181,192         232,320
    Total cash, cash equivalents and short-term
     investments                                 524,321         579,029
    Accounts receivable, net of allowances
     of $4,931 and $7,113, respectively          134,808         132,258
    Deferred income taxes                        127,721         125,601
    Income taxes receivable                       46,521          46,583
    Prepaid expenses and other current assets     32,756          29,562
     Total current assets                        866,127         913,033
  Property and equipment, net                    175,625         178,155
  Long-term investments                           11,030          12,831
  Goodwill                                       667,113         593,706
  Intangible assets, net                         151,591         198,069
  Long-term deferred taxes                       173,213         146,360
  Other assets                                    57,598          50,033
    Total assets                              $2,102,297      $2,092,187

  LIABILITIES AND STOCKHOLDERS' EQUITY:
  Current liabilities:
    Accounts payable and accrued liabilities    $185,056        $184,146
    Current portion of long-term debt                282              --
    Accrued income taxes                         189,664         188,096
    Deferred revenue                             467,162         368,913
      Total current liabilities                  842,164         741,155
  Deferred compensation and other liabilities     59,783          51,794
  Long-term deferred revenue                      28,119          34,189
  Stockholders' equity:
    Common stock,  $0.01 par value per share;
     400,000 shares authorized; 143,736 and
     147,378 shares outstanding, respectively      1,437           1,474
    Additional paid-in capital                 1,242,313       1,240,568
  Retained earnings                              176,841         202,146
  Treasury stock, at cost; 13,409 and 9,759
   shares, respectively                         (237,802)       (175,762)
  Deferred stock compensation                     (1,330)         (2,732)
  Accumulated other comprehensive loss            (9,228)           (645)
    Total stockholders' equity                 1,172,231       1,265,049
    Total liabilities and stockholders'
     equity                                   $2,102,297      $2,092,187

  (1) The Company's fiscal year and second quarter ends on the Saturday
      nearest to October 31 and April 30, respectively. For presentation
      purposes, the unaudited condensed consolidated financial statements
      refer to a calendar month end.


                              SYNOPSYS, INC.
      Unaudited Condensed Consolidated Statements of Cash Flows (1)
                              (in thousands)

                                                  Six Months Ended April 30,
                                                         2005      2004

  CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                           $(19,297)  $60,891
  Adjustments to reconcile net income to net cash
   provided by operating activities:
    Amortization and depreciation                       101,073    96,272
    In-process research and development                   5,700        --
    Write-down of long-term investments                   2,564     1,901
    Write-down of goodwill and intangibles                   39        --
    Deferred taxes, net                                 (23,220)       --
    Deferred rent                                            --       (71)
    Provision for or recovery of doubtful accounts       (2,757)     2,000
    Net change in unrecognized gains and losses on
     foreign exchange contracts                          (9,739)    (5,963)
    Gain on sale of short- and long-term investments        322       (756)
    Net changes in operating assets and liabilities:
      Accounts receivable                                 7,182    (21,731)
      Income taxes receivable                                62     22,796
      Prepaid expenses and other current assets          (2,502)   (14,034)
      Other assets                                       (7,484)   (11,219)
      Accounts payable and accrued liabilities          (14,065)   (50,294)
      Accrued income taxes                               (4,703)   (20,186)
      Deferred revenue                                   89,556     31,269
      Deferred compensation                               7,877     10,842
    Net cash provided by operating activities           130,608    101,717
  CASH FLOWS FROM INVESTING ACTIVITIES:
    Proceeds from sales and maturities of short-term
     investments                                        201,800    533,313
    Purchases of short-term investments                (151,410)  (516,099)
    Proceeds from sale of long-term investments              --        300
    Purchases of long-term investments                       --     (1,254)
    Purchases of property and equipment                 (21,436)   (24,129)
    Cash paid for acquisitions, net of cash received    (91,293)   (38,815)
    Capitalization of software development costs         (1,476)    (1,371)
    Net cash used in investing activities               (63,815)   (48,055)
  CASH FLOWS FROM FINANCING ACTIVITIES:
     Proceeds from credit facility                           --    200,000
     Payments on credit facility                             --   (200,000)
     Issuances of common stock                           17,208    117,996
     Purchases of treasury stock                        (85,139)  (238,338)
       Net cash used in financing activities            (67,931)  (120,342)
  Effect of exchange rate changes on cash                (2,442)    (1,505)
  Net decrease in cash and cash equivalents              (3,580)   (68,185)
  Cash and cash equivalents, beginning of period        346,709    524,308
  Cash and cash equivalents, end of period             $343,129   $456,123

  (1) The Company's fiscal year and second quarter ends on the Saturday
      nearest to October 31 and April 30, respectively. For presentation
      purposes, the unaudited condensed consolidated financial statements
      refer to a calendar month end.


   INVESTOR CONTACT:
   Lisa L. Ewbank
   Synopsys, Inc.
   650-584-1901

   EDITORIAL CONTACT:
   Yvette Huygen
   Synopsys, Inc.
   650-584-4547

SOURCE: Synopsys, Inc.

CONTACT: INVESTORS: Lisa L. Ewbank, +1-650-584-1901, or EDITORIAL:
Yvette Huygen, +1-650-584-4547, both of Synopsys, Inc.

Web site: http://www.synopsys.com/