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To: David Beckett who wrote (8834)	1/6/1998 6:34:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 25814

"Ambit gains equity, adds two directors" Santa Clara, Calif. - Privately held EDA startup Ambit Design Systems Inc. has received $19 million in funding from LSI Logic Corp., Cadence Design Systems Inc., Sumitomo Corp. of Japan and Wall Street investors. "This $19 million legitimizes Ambit," said chief executive Prakash Bhalerao. Ambit also added two members to its board: Wilfred Corrigan, chairman of LSI Logic, and Sanjay Subedar, the former chief financial officer of Stratacom Inc. Copyright (c) 1998 CMP Media Inc. January 05, 1998, techweb.com