SAN JOSE, Calif., Oct. 26, 2009 (GLOBE NEWSWIRE) -- Magma(R) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced it is returning to the TechAmerica AeA Classic Financial Conference, the company's first appearance there since 2007. Chief Financial Officer Peter S. Teshima will present Nov. 2 at the event, to be held in San Diego.
"We've seen increased interest in Magma from Wall Street in the wake of our recent strong quarters and the restructuring of our convertible debt last month," Teshima said. "Returning to the AeA Classic is a great opportunity to provide an update on the company to investors and analysts who follow growing technology companies, an audience this conference attracts."
Magma's presentation at the conference will be webcast at 9:40 a.m. PST on Nov. 2 and will be accessible in the Investor Relations section of Magma's website at http://investor.magma-da.com/events.cfm. A replay will be available through Nov. 9.
About Magma
Magma's electronic design automation (EDA) software provides the "Fastest Path to Silicon"(TM) and enables the world's top chip companies to create high-performance integrated circuits (ICs) for cellular telephones, electronic games, WiFi, MP3 players, digital video, networking and other electronic applications. Magma products are used in IC implementation, analog/mixed-signal design, analysis, physical verification, circuit simulation and characterization. The company maintains headquarters in San Jose, Calif., and offices throughout North America, Europe, Japan, Asia and India. Magma's stock trades on NASDAQ under the ticker symbol LAVA. Follow Magma on Twitter at www.Twitter.com/MagmaEDA and on Facebook at www.Facebook.com/Magma. Visit Magma Design Automation on the Web at www.magma-da.com.
Magma is a registered trademark and "Fastest Path 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 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 the ability of Magma's products to produce the desired results and the company's ability to keep pace with rapidly changing technology. 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). The company undertakes no additional obligation to update these forward-looking statements.