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To: Johnny Canuck who wrote (38162)	10/4/2002 11:25:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68603

Reuters Business Report Mentor Graphics Raises Outlook Friday October 4, 11:04 am ET WILSONVILLE, Ore. (Reuters) - Shares of chip design software maker Mentor Graphics Corp. (NasdaqNM:MENT - News) jumped on Friday after the company said it expected third-quarter revenue and earnings to exceed Wall Street expectations, helped by strong bookings in North America and the Pacific Rim. ADVERTISEMENT Mentor Graphics' stock rose $1.68 or 41 percent to $5.76 on Nasdaq, where it was the second-biggest net gainer in morning trade. Analysts on average expected Mentor Graphics to post a loss of 3 cents a share in the third quarter, according to Thomson First Call, which tracks such earnings data. The company said it expects revenue in excess of $150 million. "We saw software bookings growth in all regions, with particular strength in North America and the Pacific Rim," said Walden Rhines, chief executive of Wilsonville, Oregon-based Mentor Graphics. "Total bookings were up more than 25 percent from the third quarter of 2001." Rhines said in a news release that it closed all three of the large contracts that had not closed by the end of the second quarter in addition to a significant number of new deals. "A strong sales funnel exiting the quarter gives us a great start into the fourth quarter," he said. The company plans to announce its third-quarter results on Oct. 29. [Harry: This is an interesting result. It may indicate more design activity. From what I remember of their revenue model they charge a yearly maintanence fee which would be reasonable stable. An upside surprise would indicate more sales or the introduction of newer higher price products.]