Mentor Reports Weak First Quarter Results
Second Quarter Looking Better than Forecast
WILSONVILLE, Ore.--(BUSINESS WIRE)--April 8, 2002--Mentor Graphics
Corporation (Nasdaq:MENT - news) today announced that it expects to report
revenues of just under $130M and EPS slightly less than $.10 for the
first quarter.
The company reaffirms its second quarter and 2002 guidance.
Additionally, Mentor foresees a stronger than forecasted second
quarter.
"We continue to be bullish about recovery in the EDA market in the
first half. Despite our weak first quarter, our second quarter is
shaping up well," said Walden C. Rhines, chairman and CEO of Mentor
Graphics. "We're seeing great business activity, and have already
closed notable business in the second quarter. Our sales forecast is
the strongest it has been in five quarters, and the upside potential
to our forecast is the strongest ever. EDA recoveries tend to be led
by North America, particularly San Jose, so we're pleased that our San
Jose sales strongly exceeded forecast in the first quarter, and second
quarter is looking better still."
First quarter results will be reported after market close on April
25, 2002.
Mentor Graphics Corporation (Nasdaq:MENT - news) is a world leader in
electronic hardware and software design solutions, providing products,
consulting services and award-winning support for the world's most
successful electronics and semiconductor companies. Established in
1981, the company reported revenues over the last 12 months of more
than $600 million and employs approximately 3,100 people worldwide.
Corporate headquarters are located at 8005 S.W. Boeckman Road,
Wilsonville, Oregon 97070-7777; Silicon Valley headquarters are
located at 1001 Ridder Park Drive, San Jose, California 95131-2314.
World Wide Web site: www.mentor.com.
Mentor Graphics is a registered trademark of Mentor Graphics
Corporation. All other company or product names are the registered
trademarks or trademarks of their respective owners.
Contact:
Mentor Graphics
Ryerson Schwark / Dennis Weldon, 503/685-1462
ry_schwark@mentor.com / dennis_weldon@mentor.com
