Synopsys sees steady revenue growth as design software moves to subscription model
News & Analysis 8/22/2001 Post a comment
MOUNTAIN VIEW, Calif.--Synopsys Inc. today said it continued to record sequential revenue growth on a quarterly basis after changing its design automation agreements to a software subscription model last year. For the fiscal third quarter, ended Aug. 4, the company posted an 11% increase in revenue to $176.1 million compared to $157.1 million in the prior period.
Avant beset by lawsuits as it declares huge loss
News & Analysis 8/15/2001 Post a comment
Design tools company is trying to stave off payments of $40m to keep enough cash in the bank to fund operations as competitors line up with suits to follow the Cadence code-theft case. At the same time, president and COO Dr Paul Lo is not confident enough of the market to give projections on future business.
Sequence Design sues Avanti for patent infringement
News & Analysis 8/14/2001 Post a comment
SANTA CLARA, Calif.--Add a new patent suit to Avanti Corp.'s legal woes. Privately-held Sequence Design Inc. here today announced it was suing Avanti for allegedly infringing upon a U.S. patent covering IC layout software based on parasitic extraction techniques to measure impedance in chip designs.
SVR sues Avanti for competing with stolen code from Cadence
News & Analysis 8/13/2001 Post a comment
SAN JOSE -- The legal battles for Avanti Corp. aren't over. A few weeks after the company was ordered to pay $195 million to Cadence Design Systems Inc. for theft of software, another design automation supplier--Silicon Valley Research Inc.--has filed a suit against Avanti for unfair competition, false advertising, conspiracy, and other charges of wrongdoing.
Avanti's Lo: 'I am accountable'
News & Analysis 8/2/2001 Post a comment
In his first public remarks since Avanti Corp. was rocked by last month's sentencing and restitution hearings, Paul Lo, Avanti's new president, painted an upbeat picture of a company under new management that is putting its past behind it.
Avanti seeks delay on full restitution payment
News & Analysis 8/1/2001 Post a comment
Avanti Corp. said Tuesday (July 31) that it cannot afford to pay the full $195 million court-ordered restitution to Cadence Design Systems Inc. immediately, and is seeking to delay roughly $50 million of that payment until January 2002.