CIMdata PLM Industry Summary Online Archive

4 April 2005

Financial News

Mentor Graphics Expects Weak First Quarter

Mentor Graphics Corporation announced it expects first quarter revenue to be approximately $165 million and earnings per share before severance costs and amortization of intangibles to be approximately break-even. Loss per share on a GAAP basis is expected to be approximately $.05.

Company guidance issued on January 27, 2005 was for revenue of $177 million, earnings per share before severance and amortization of intangibles of $.05 to $.10, and GAAP earnings per share of $.01 to $.06.

"This quarter saw significant year-over-year weakness in all notable product lines and in all regions," said Walden C. Rhines, chairman and CEO of Mentor Graphics. "Book-to-bill was extremely weak and the company consumed substantial backlog."

The company will announce earnings after market on April 26, 2005 and will review 2005 annual guidance at that time.

Certain statements in this press release constitute "forward-looking" statements based on current expectations within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements.

 

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