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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62048)	3/14/2002 12:43:48 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Cadence confirms acquisition of Plato By Michael Santarini EE Times eedesign.com March 14, 2002 (12:32 a.m. EST) SAN MATEO, Calif. — Countering threats to its bread-and-butter business in IC implementation tools, Cadence Design Systems confirmed Wednesday (March 13) that it has acquired IC routing start-up Plato Design Systems for an undisclosed amount. The companies would not disclose the details of the acquisition. When EE Times broke the story Monday, sources said Cadence paid $50 million upfront and will pay to Plato an additional $25 million upon completion of certain goals. Cadence though said that number is incorrect, but would not say whether is higher or lower. In the acquisition Cadence gains Plato's young but very promising NanoRoute technology to add to its 130 nm and below IC implementation flow and counter threats such as Synopsys' pending acquisition of Avanti Corp. and newcomers like Magma and Monterey.