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Magma Users Group Expanded and Renamed "MUSIC" -- Announces Worldwide Meetings for 2004

"Magma Users Summit on Integrated Circuits" Meetings Planned for India, United States and United Kingdom

SANTA CLARA, Calif.—(BUSINESS WIRE)—Feb. 11, 2004— Magma(R) Design Automation, Inc. (Nasdaq:LAVA), a provider of chip design solutions, today announced that its expanded and newly re-named users group, MUSIC, will host meetings in India, the United States and the United Kingdom. The first 2004 users conference will be in Bangalore, India in August, with meetings planned for Silicon Valley and Bristol, United Kingdom, to follow in September and October, respectively.

The new name MUSIC, for "Magma Users Summit on Integrated Circuits," replaces the former name, Fusion. "The name 'Fusion' tied the group too closely to Magma's Blast Fusion product," said Pallab Chatterjee, president of SiliconMap and chairman of MUSIC. "The company has a much broader portfolio -- a symphony of products, if you will -- so it's appropriate to change the name now."

MUSIC meetings provide a forum for Magma users to exchange ideas, discuss problems and explore solutions related to the design and manufacturing of integrated circuits, as well as providing users an opportunity to meet with Magma staff and product experts. The MUSIC program covers the key elements of semiconductor design, from system-level design to tape-out, for systems on chips, ASICs and FPGAs.

At these conferences Magma's EDA, IP, foundry and ASIC partners showcase their solutions and interoperability with Magma's software. Magma users see how other designers have achieved their design goals with a complete methodology that includes products from Magma's RTL-to-GDSII technology and complementary tools and technologies from Magma's partners.

"MUSIC is a forum for users in every sense, giving them an opportunity to share their real design experiences," said Nitin Deo, vice president of product marketing at Magma. "We want to get their honest feedback on Magma software. Some of the best improvements to our products result from direct input we hear from our customers."

For the Bangalore meeting, Dr. V. Kamakoti of the India Institute of Technology (IIT) in Madras will serve as chairman and Dr. Sathya Gupta of Open Silicon will serve as technical adviser. Chatterjee, as he has the previous two years, will moderate the Silicon Valley meeting, to be held September 16-17 in Santa Clara. A chairman will be named shortly to moderate the meeting in Bristol.

Designers with perspective on high-level or physical design methodologies, RTL-to-GDSII design flows, system simulation, mixed-technology or experiences with Magma software are encouraged to present at the MUSIC events. Calls for papers for each of the MUSIC 2004 meetings will be distributed soon. Submissions of abstracts may be made online at www.magma-da.com/music beginning February 11.

About Magma

Magma provides leading software for designing highly complex integrated circuits while maximizing Quality of Results with respect to area, timing and power, and at the same time reducing overall design cycles and costs. Magma provides a complete RTL-to-GDSII design flow that includes prototyping, synthesis, place & route, and signal and power integrity chip design capabilities in a single executable, offering "The Fastest Path from RTL to Silicon"(TM). Magma's software also includes products for advanced physical synthesis and architecture development tools for programmable logic devices (PLDs); capacitance extraction; and characterization and modeling. The company's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma and Blast Fusion are registered trademarks and "The Fastest Path from RTL 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, including statements that Magma will host users group meetings in Bangalore, India, Silicon Valley and Bristol, United Kingdom and statements about the features and benefits of Magma's software 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 Magma's ability to keep pace with rapidly changing technology. Further discussion of these and other potential risk factors may be found in the parties' latest filings with the Securities and Exchange Commission on form 10-K, and any subsequent updates thereto on form 10-Q. These forward-looking statements speak only as of the date hereof. The parties disclaim any obligation to update these forward-looking statements.



Contact:
Magma Design Automation Inc.
Monica Marmie, 408-565-7689
monical@magma-da.com
or
SiliconMap
Pallab Chatterjee, 925-606-5357
pallabc@siliconmap.net

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