SAN JOSE, Calif., July 27, 2010 (GLOBE NEWSWIRE) -- Magma® Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, announced that President Roy E. Jewell and Chief Financial Officer Peter S. Teshima will speak August 10 at the Canaccord Genuity Growth Conference, to be held in Boston. Magma's presentation will be webcast live at 5 p.m. EDT and may be accessed from Magma's website at http://investor.magma-da.com/events.cfm.
"We turned in strong results in fiscal 2010, and our annual 10-K report was filed July 16 with a return to a 'clean' audit opinion, removing the 'going concern' modification included in the fiscal 2009 audit opinion. This reflects the significant improvements we have made to our financial profile by successfully restructuring, refinancing, and repaying our debt and increasing our financial flexibility," Teshima said. "These are positive developments and ones we wish to share with investors."
Magma is tentatively scheduled to release its fiscal 2011 first-quarter financial results on Thursday, August 26, after the close of Nasdaq trading.
About Magma
Magma's electronic design automation (EDA) software provides the "Fastest Path to Silicon"™ 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 or registered trademarks of their respective companies.