Electronics Business Names Magma on Best Small Electronics Companies List

4/3/2003 - Magma Design Automation Inc. (Nasdaq: LAVA), a provider of chip design solutions, was named No. 1 on Electronics Business' list of best small electronics companies. Rankings are based on companies' revenue growth over three years.

Magma topped the Electronics Business list with three-year revenue growth of 475.7 percent, beating out No. 2-ranked Nassda's 123.3 percent growth. Magma's revenue for fiscal year 2002, ended March 31, 2002, was $46.4 million. Magma will report financial results for fiscal year 2003 on April 29, 2003.

"Being named at the top of this group is quite an honor, considering the quality of other companies named," said Rajeev Madhavan, chairman and chief executive officer of Magma. "Our ability to keep up this growth pace is all the more impressive given the difficult economic environment all electronics companies have had to contend with. We're very proud, not just of this recognition, but of our ability to continue delivering software our customers use to develop great products. I am personally very proud of our employees, who made this happen. I think this recognition helps validate their efforts to deliver a truly integrated IC design flow to our customers."

Electronics Business began its research with a list of more than 200 public electronics companies that had annual revenue less than $250 million and that exhibited "strong annual and quarterly revenue growth." Sources included a number of public databases, Internet resources, Electronic Business files and nominations submitted by Electronic Business readers. Additional information came from Securities and Exchange Commission filings, secondary sources and the companies themselves. Quantitative factors such as profitability, quarter-to-quarter revenue growth and future growth potential contributed to the final list of the best 30 companies. Qualitative attributes such as innovation, leadership and technology also were taken into account.

About Magma Design Automation
Magma software is used to design fast, multimillion-gate integrated circuits, providing "The Fastest Path from RTL to Silicon"TM, to enable chip designers to reduce the time required to produce complex ICs. Magma's products for prototyping, synthesis, and place & route provide a single executable for RTL-to-GDSII chip design. The company's Blast FusionTM, Blast Fusion APXTM, Blast PlanTM, Blast Noise® and Blast RTLTM products utilize Magma's patented FixedTiming® methodology and single data model architecture to reduce the timing-closure iterations often required between the logic and physical processes in conventional IC design flows.

Magma maintains headquarters in Cupertino, Calif., as well as facilities in Los Angeles, Orange County and San Diego, Calif.; Boston, Mass.; Durham, N.C.; Laurys Station, Pa.; Austin and Dallas, Texas; Newcastle, Wash.; and in Canada, China, France, Germany, India, Israel, Japan, Korea, the Netherlands, Taiwan and the United Kingdom. The company's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma, Blast Fusion, Blast Noise and FixedTiming are registered trademarks, and Blast Fusion APX, Blast Plan and "The Fastest Path from RTL to Silicon" are trademarks of Magma Design Automation.

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