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Technology Stocks : MENTOR GRAPHICS -- Ignore unavailable to you. Want to Upgrade?

To: softcash who wrote (173)	10/2/1998 9:57:00 AM
From: softcash	Read Replies (1) \| Respond to of 376

Mentor should increase bid to 16 3/8! Note that the evil QKTN management has reported today that they will announce much stronger than expected earnings. Note their year high is 16 3/8. Instead of 0.03 loss, a 0.03 gain. Cough it up Mentor settle this now! BTW/ I don't believe QKTN management - I don't trust them either. Companies have been known to fudge the numbers and this is what we might be seeing! Reference 2 articles ############### # ARTICLE #1: # ############### QuickturnQ3 shr and revenue above estimate Reuters Story - October 02, 1998 08:29 SAN JOSE, Calif., Oct 2 (Reuters) - Electronics engineering firm Quickturn Design Systems, Inc. said Friday it expects to report higher revenue and earnings than analysts' estimates for the third quarter excluding legal and advisory charges. Minus the $4 million charge related to an attempted hostile takeover by Mentor Graphics Corp., the company expects revenues of about $25.5 million compared to consensus analysts' estimates of $24.7 million. For the period ended Sept. 30, it expects net income to be approximately $600,000, or $0.03 per share compared to estimates of a loss of $0.03 per share. The company will release earnings Oct. 13. Separately, Quickturn said it mailed a letter to its stockholders recommending that they not tender shares to Mentor Graphics Corp., a maker of computer systems and testing equipment. In the letter, Quickturn credited key customers for reinvesting in design and verification which resulted in the company's "strongest backlog" this year. Earlier this year, Mentor launched a $215 hostile bid for the company. It was reported a few days ago that Mentor said it had enough votes to call a meeting of Quickturn shareholders and consider replacing the board of directors. On Thursday, Quickturn closed at 10-1/4, abor its year-low of 6 and below its year-high of 16-3/8. ############### # ARTICLE 2: # ############### Mentor says could raise bid for Quickturn Reuters Story - September 28, 1998 11:12 WILSONVILLE, Ore., Sept 28 (Reuters) - Software maker Mentor Graphics Corp's top executive said Monda y his company was willing to consider raising its bid for Quickturn Design Systems Inc's in order to close the deal. "We stand ready to negotiate, and we would be willing to consider increasing our offer to reflect eve n greater value if justified by our due diligence review," president and chief executive, Dr. Walden Rhines, wrote in a letter to Quicktu rn's shareholders. The letter also urges Quickturn shareholders to tender their shares before Oct. 6 to show their suppo rt for Mentor's unsolicited $12.125 per share, $216 million bid. But Quickturn has said its board deemed the Mentor offer inadequate, and advised its stockholders not to tender their shares to Mentor's offer. Mentor Graphics' offer, which it launched in August, is scheduled to expire October 6, 1998, unless e xtended. In early September, more than 7,046,297 shares of Quickturn were tendered, which when added to the Qu ickturn shares already owned by Mentor Graphics, represent nearly 43 percent of Quickturn's outstanding common stock. "Despite our repeated efforts to negotiate with Quickturn's Board and management since the commenceme nt of our offer six weeks ago on August 12, 1998, they have refused to meet," Rhines added. Hearings are scheduled for Oct. 6 and Oct. 7, respectively, in federal and state court in Delaware in connection with current litigation between Mentor Graphics and Quickturn.