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Ansys to buy Apache Design for $310 million

6/30/2011 06:22 PM EDT
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docdivakar
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re: Ansys to buy Apache Design for $310 million
docdivakar   6/30/2011 9:40:33 PM
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It took a little time for this to happen, I was expecting some news release at DAC couple of weeks ago in San Diego. What next? Magma? MP Divakar

goafrit
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re: Ansys to buy Apache Design for $310 million
goafrit   6/30/2011 11:08:41 PM
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Yes. I think Magma will be gone by next summer. The environment is tough and competition is hitting up.

Neo10
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re: Ansys to buy Apache Design for $310 million
Neo10   7/1/2011 4:10:59 AM
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Naw, I don't see Magma going anytime soon, what with chip sales projections showing in excess of 10% for the coming years. Yeah but their strength in the backend process is not working out with such package deals these bug 3 sellout their tools for.

yalanand
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re: Ansys to buy Apache Design for $310 million
yalanand   7/3/2011 2:55:45 PM
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@Neo1, I agree with you. Magma is here to stay. Many major vendors have flow setup for magma. I dont think they will stop using magma.

eewiz
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CEO
re: Ansys to buy Apache Design for $310 million
eewiz   7/1/2011 5:01:55 AM
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Magma stock has gone up quite a bit in recent months. So not a good time to buy. Current market cap is 530M and one would need to shell out atleast 700-800M to buy Magma. I doubt whether SYN or CDNS will want to spend that much right now. http://www.google.com/finance?q=NASDAQ%3ALAVA

adroit_91
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re: Ansys to buy Apache Design for $310 million
adroit_91   7/1/2011 7:32:45 PM
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What happens in such cases to employees, who had purchased stock, but left before the acquisition? Do they get a cut?

eewiz
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CEO
re: Ansys to buy Apache Design for $310 million
eewiz   7/2/2011 7:13:47 AM
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IIRC Apache is not listed yet. If the company is not listed, many a times the management asks to return the stock at a higher price while the employee leaves. If that didn't happen, the ex-employee should get a cut at the acquired value.

adroit_91
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re: Ansys to buy Apache Design for $310 million
adroit_91   7/2/2011 2:03:43 PM
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@eewiz : Thanks! So, I assume, there will be some profit to be made! :)

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