Icahn Group Offers $17 per Share for Mentor Graphics
Carl Icahn and certain of his affiliated entities (the “Icahn Group”) has made an unsolicited conditional proposal for all of the outstanding Mentor Graphics (NASDAQ: MENT) shares that the Icahn Group don’t already owns. The Icahn Group is offering $17 per share in cash, which is a 17% premium to Mentor’s closing price of $14.52 on Friday.
OneSpin Solutions Acquired by Azini Capital
Azini Capital has acquired OneSpin Solutions GmbH from founding investors. To accelerate the OneSpin’s growth and development, Azini has also completed an additional investment in the company. OneSpin was established in May 2005 as a commercial EDA company by Infineon AG and Apax Partners. OneSpin’s solutions enable engineers to reduce verification effort and costs, avoid costly redesigns and respins, and decrease time-to-market.
Japanese Customs Office Rejects Request to Suspend Import of EVE ZeBu
EVE, the leader in hardware/software co-verification, announced that the Japanese Customs Office has rendered a decision to reject Mentor Graphics’ application to suspend the importation of its best-in-class emulation systems. Each of the three intellectual property rights experts appointed by the Japanese Customs Office made a detailed analysis of the patent at issue and the alleged EVE ZeBu products, and the experts delivered opinions that the Japanese Customs Office should not accept the application from Mentor Graphics.
Mentor Graphics Takes EVE to Court with Patent Infringement Lawsuit
Mentor Graphics Corporation (NASDAQ: MENT) announced it will continue its claims of patent infringement against EVE emulation products in Japan before the Tokyo District Court in accordance with the ruling from the Japanese Customs Office.
Mentor Graphics Files Import Suspension, EVE to Defend Against Allegation
Following EVE’s announcement June 29 stating record quarterly bookings of $19.9 million, Mentor Graphics Corporation (NASDAQ: MENT) announced yesterday that it had filed an import suspension application against EVE emulation products in the Japanese Customs Office. The filing requests that Japanese Customs issue a ruling that EVE emulation products infringe Mentor Graphics’ intellectual property. The application also requests that, upon making such a determination, the Japanese Customs Office bar importation of EVE products into Japan.
POLYTEDA Software Announces New Board Members
POLYTEDA Software Corporation, a provider of advanced verification solutions, announced the new composition of its Board of Directors (BOD). Mr. Randy Smith, Mr. Howard Pakosh, and Mr. Alexander Lutsenko have joined POLYTEDA’s BOD as new members. The Board now consists of five members and also includes Mr. Vlad Marchuk, CEO, President and founder of the company, and Mr. Evgeniy Utkin, its main investor and President of KM Core. Mr. Randy Smith took responsibilities as Chairman of the Board.
Advanced Circuits Expands by Acquiring Circuit Express
Advanced Circuits (ACI) announced the acquisition of Circuit Express (CEI) based in Tempe, AZ. With this acquisition, Advanced Circuits, an industry leader for many years in the commercial PCB arena, moves aggressively into the high-reliability, military/aerospace/defense, high-technology marketplace. The acquisition will enable Advanced Circuits and Circuit Express to further focus on their core competencies and immediately begin offering expanded services to their customer bases.
Win a HP TouchSmart 600 Computer
I’m giving away a HP TouchSmart 600 PC on my dad blog. The deadline to enter is Wednesday (December 23, 2009 Pacific time). The HP TouchSmart 600 PC is a multi-touch gadget. The all-in-one computer features full HD display, integrated webcam, wireless LAN, and Bluetooth. Currently, there are two series in the TouchSmart 600 family: 600t and 600xt (same as 600t, but with a faster processor, bigger hard drive, discrete graphics, HDMI and game console connectivity).
Applied Micro Circuits Corporation Changes Name to AppliedMicro
Applied Micro Circuits Corporation (NASDAQ:AMCC), a global leader in energy conscious computing and communications solutions, announced its new name as AppliedMicro to reflect the company’s drive for breakthrough energy efficiency and cost optimized semiconductor devices that will propel the company into new growth markets. In keeping with the 30-year AMCC heritage as an innovator in high-speed connectivity and high performance embedded processing, AppliedMicro will remain dedicated to its customers in the telco, datacenter and enterprise markets, while increasing market share by striving to reduce the power consumption of its products by as much as 50 percent.
SMIC, TSMC Resolve All Pending Lawsuits
Semiconductor Manufacturing International Corporation (the “Company” or “SMIC”) announced that it entered into a settlement agreement with Taiwan Semiconductor Manufacturing Company, Ltd. (the “Acquiror” or “TSMC”) to resolve all pending lawsuits between the parties, including the legal action filed by TSMC in California (the “California Case”) for which a verdict was returned by the jury against SMIC on 4 November 2009 and the legal action filed by SMIC in Beijing (the “Beijing Case”).
If you are familiar with RSS feeds, you can also sign up for our free news feed. Our RSS feed is updated in real-time while our newsletter is updated daily.