SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 5, 1999
MENTOR GRAPHICS CORPORATION
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(Exact name of registrant as specified in its charter)
OREGON 0-13442 93-0786033
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification Number)
8005 S.W. BOECKMAN ROAD, WILSONVILLE, OREGON 97070-7777
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(Address of principal executive offices) (Zip Code)
(503) 685-7000
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(Registrants' telephone number, including area code)
N/A
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(former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On January 5, 1999, the Registrant issued a press release, the full
text of which is set forth below:
MENTOR GRAPHICS PRE-ANNOUNCES RECORD FOURTH QUARTER REVENUES, PRODUCT ORDERS,
AND GROSS MARGIN; PRODUCT REVENUE GROWTH EXCEEDS 35%
Wilsonville, Ore. January 5, 1999 - Mentor Graphics Corporation (Nasdaq:
MENT) today announced that it expects record revenues for the fourth quarter
ended December 31, 1998 of $145 million. Product revenue growth,
year-over-year, for the quarter was in excess of 35%. Also, it pre-announced
that both product orders and gross margin reached record levels.
"Large customer orders of our new products is driving Mentor Graphics to
record revenue levels," said Walden C. Rhines, president and CEO of Mentor
Graphics.
Mentor Graphics also expects fourth quarter earnings per share to exceed
current First Call analyst consensus estimates of $.17, prior to special
charges relating to two technology acquisitions, as well as the relocation of
the company's European distribution facility. Mentor plans to announce
fourth quarter results after market close on February 2, 1999.
Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in electronic
hardware and software design solutions, providing products and consulting
services for the world's largest electronics and semiconductor companies.
Established in 1981, the company reported revenues over the last 12 months of
$468 million and employs approximately 2,500 people worldwide. Company
headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon
97070-7777. World Wide Web site: http://www.mentorg.com.
For the latest financial information about Mentor Graphics, visit our web
site at http://www.mentorg.com/investor_relations. Financial information is
also available by calling Mentor Graphics fax- on-demand hotline at
1-800-546-4628.
For more information, contact:
Ryerson Schwark
503-685-1660
ry_schwark@mentor.com
Dennis Weldon
503-685-1462
dennis_weldon@mentorg.com
Certain statements contained in the press release constitute "forward-
looking" statements 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 or industry
results to be materially different from any results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors incude, among others, the following: (i) consummation of the
acquisition of Quickturn Design Systems by Mentor Graphics; (ii) the
successful integration of Quickturn Design Systems into Mentor Graphics'
operations after consummation of the acquisition; (iii) the Company's ability
to successfully offer products and services that compete in the highly
competitive and dynamic EDA industries; (iv) effects of the increasing
volatility of foreign currency fluctuations on the Company's business and
operating results; (v) the overall instability of Asian or other economies,
including changes in regional or worldwide economic or political conditions,
government trade restrictions, limitations on repatriation of earnings,
licensing and intellectual property rights protection; and (vi) the Company's
ability to recruit and retain necessary personnel to research and develop,
market, sell and service products. Given these uncertainties, prospective
investors are cautioned not to place undue reliance on such forward-looking
statements. Mentor Graphics disclaims any obligation to update any such
factors or to publicly announce the results of any revisions to any of the
forward-looking statements to reflect future events or developments.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits:
99.1 Press Release dated January 5, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: January 6, 1999
MENTOR GRAPHICS CORPORATION
(Registrant)
By: /s/ Gregory K. Hinckley
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Gregory K. Hinckley
Executive Vice President, Chief
Operating Officer and Chief
Financial Officer
EXHIBIT INDEX
Exhibits
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99.1 Press Release dated January 5, 1999.