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Posted at 29/9/2003 11:19 by badabing Hosede, Not an expert on market matters but isn't the TRA stock exchange listing worth something to someone out there as well ? The TRA shell should also have a value. Could that by why mr jenner was a buyer recently ? Read Full Thread Reply
Posted at 29/8/2003 16:52 by latestarter out of the three not a lot, beattie financial were the biggest help, i can only think, and it is only a thought that this has been done to flush out a bidder, none of it makes any real sense. at the moment it is a going concern the company stance on the phone was that the staff would go with the technology, leaving 1.15m to be distributed or left in the shell, the only information from advisors was any potential problems with warranties on transfers if TRA was left as a shell.either way they would appear to have tried to do something in the best interest of holders at least by being proactive as opposed to waiting for the cash to run out and the reciever holding a fire sale, the exclusive period means jack, a recent example of that is LFC, someone is buying thats for sure, there was a 500k MM transaction today @1.5 while evo remained on the bid all day. it doesnt help much im afraid but i view this as a spin of the wheel we will either win or loose Read Full Thread Reply
Posted at 22/8/2003 14:24 by davidhel When there is so little else to laugh at: up pops opthalmist! There's a new word in the English language - to transeda - which means to sell out too early having managed to demonstrate total incompetence. Intel up their forcasts, the whole industry starts to perk up: go with our best wishes TRA management, you will be remembered ;) Read Full Thread Reply
Posted at 30/7/2003 10:09 by johnv TRA is tiny compared to those companies above, so why has evatronix invested in TRA? What has TRA got that Eva doesnt?. My worry is that they(eva) will bid for TRA at 3p or something silly once the upturn starts. Read Full Thread Reply
Posted at 29/7/2003 10:57 by kdickson This article sums up the state of the EDA industry quite well I think. Hupper, good post re: Evatronix announcement. This is very positive for TRA and, as you say, hopefully more to come. I've got 1 million of these 'little suckers' and hoping they'll provide my pension over the next couple of years! If the results due 30th September(?) are ' slightly positive' then hopefully this share could 'motor' (especially on the 'coat tails' of relationship with Mentor?)... EDA financials suggest-but don't scream-recovery By Richard Goering EE Times July 28, 2003 (10:04 a.m. EST) Santa Cruz, Calif. - A surprisingly positive quarterly report from Mentor Graphics Corp. last week has raised the question of whether a real EDA industry recovery is finally under way. But it's not yet clear to what extent Mentor's results are specific to the company or reflective of a potential trend that could lift the entire industry. The EDA industry suffered its first annual decline in 2002-down 7 percent in revenues, according to the EDA Consortium-and Cadence Design Systems Inc., until recently the EDA revenue leader, reported a significant year-to-year revenue decline for its second quarter. Cadence's leading rival, Synopsys Inc., has jumped slightly ahead in revenue this year. Mentor last week reported record second-quarter revenue of $157.5 million, representing a 16 percent revenue increase and a 25 percent bookings increase over the second quarter of 2002. Moreover, the company raised its 2003 earnings guidance to 60 cents per share and said it expects bookings to be up 10 to 15 percent for the year. Cadence, in contrast, announced a 20 percent year-to-year revenue decline, a 10 percent layoff and lowered revenue guidance for the remainder of 2003, with bookings expected to be down 10 percent for the year. President and CEO Ray Bingham said Cadence customers "are not seeing anything other than glimmers of encouragement in a few segments." Synopsys reported a 57 percent year-to-year revenue jump for its second quarter, ended May 3, but when Avanti revenue is considered, year-to-year revenue was essentially flat. Synopsys acquired Avanti in June 2002. Synopsys CEO Aart de Geus said in May that he was "cautiously optimistic" about the chances of an EDA recovery. Greg Hinckley, Mentor Graphics' president, noted that Mentor has considerable strength in three market segments that are doing particularly well: military/aerospace, transportation and industrial. "If we were just in the traditional EDA markets of semiconductors, computers and communications, our results wouldn't have been as robust," Hinckley said. He added that Mentor's weak 2002 second quarter made the year-to-year comparison more dramatic. But Mentor CEO Wally Rhines pointed to a couple of developments that should lift the EDA industry as a whole. One is an increased "breadth of demand" in the second quarter; the second is the generation of new business in the middle of the quarter. "These are the strongest indications we've seen that a recovery in demand is occurring," he said. In the previous two quarters, Mentor's strength was in its systems business, particularly with military/aerospace providers. But in the second quarter, Rhines said, demand "broadened dramatically," with major orders in the consumer, computer, and communications sectors. "We saw quite strong bookings from the whole range of semiconductor companies," Rhines said. The other strong indicator, he said, is that new business opportunities were generated during the quarter, beyond the business that was in the "funnel" at the start of the quarter. "The generation of new opportunities is a sign of a healthy business," Rhines said. "We have not experienced this since late 2000." Rhines, who chairs the EDA Consortium, acknowledged that some of the good news is Mentor-specific. "The indications we have for the whole [EDA] industry are relatively mixed," he said. "But some of the things we've seen should show up in other people's numbers." So why the big difference compared with Cadence? In that company's conference call, Bingham noted that Cadence is at a weak point in its renewal cycle, and he said that EDA business these days is primarily driven by renewals. He also observed that Cadence is increasing its percentage of subscription licenses, a move that can hurt short-term revenue. Analysts, however, are divided on whether Cadence is just experiencing short-term difficulties or has deeper problems related to its management and its lack of product development through internal R&D. View from the second tier Smaller companies, meanwhile, are showing mixed results. Synplicity Inc. last week reported a revenue gain but a small quarterly loss for the second quarter of 2003. Verisity Ltd. reported essentially flat revenue compared with the prior year's quarter, while Nassda Corp. posted a decline. And privately held Monterey Design Systems confirmed a layoff of 11 percent of its staff. Analysts are generally hesitant to say the tide has shifted for EDA. Garo Toomajanian, an analyst for RBC Capital, said it's too early to confirm a recovery because all of the vendors that have recently reported are confronting unique circumstances. "Typically, for an EDA recovery to be under way, you would need to see multiple vendors all doing well at the same time," said analyst Jay Vleeschhouwer at Merrill Lynch. "I'm wondering if calling a recovery is going to be as easy or obvious as it might once have been." Zero-sum game? American Technology Research analyst Erach Desai said he believes the EDA industry has "bottomed." But he's not so sure about an upsurge. "I don't know if we're growing or still in a zero-sum market share allocation game," he said. "I don't think we'll see very robust growth in 2003 or 2004." Desai said that Mentor "finally happens to be in the three or four product areas where the product cycle trends are in their favor." Cadence, meanwhile, is running into a lack of renewals. But Desai said Mentor has tacked on about 5 percent market share in the past 6 to 9 months and that this gain might be sustainable. Synopsys and Cadence each hold around 35 percent market share, with Mentor now approaching 20 percent, according to Desai's calculations. Looking forward, Mentor's Rhines is particularly upbeat about the amount of capacity currently available from semiconductor manufacturers. "I think we will probably see the longest strong cycle of design in the history of the EDA industry, because capacity will remain competitively priced for a long time," he said.-Additional reporting by Michael Santarini. Ends Read Full Thread Reply
Posted at 01/7/2003 13:00 by offerman Los Gatos, California – 1 July, 2003. TransEDA® PLC, (LSE: TRA) the leader in ready-to-use verification solutions, today announced the release of a PCI Express Verification Toolkit - a set of Verilog and C++ models that implement a variety of simulation-based environments for verifying that a design complies with the PCI Express revision 1.0a specification. Toolkit components The toolkit consists of a PCI Express version 1.0a compliant Bus Functional Model (BFM), an integrated Protocol Checker, Symbol and Packet Trackers, and a highly configurable test bench that demonstrates how to use the tools and also provides a template for quick integration with an existing simulation environment. A supplied model driver also allows optional use with VN-Control – TransEDA’s application specific test automation tool. Features and uses The BFM fully supports the Verilog HDL language and may be configured as either a root complex or end-point node. It may be configured to operate in parallel or serial symbol interface mode making it ideal for compliance testing, functional regression testing, performance analysis and system-level, pseudo-random testing with automated data checking. General information The comprehensive and intuitive Verilog Application Programming Interface (API) allows the toolkit to be easily integrated into existing simulation environments and minimizes the work required to begin test development. The transaction, link and electrical layers provide both symbol and bit-serial interfaces of 1-32 lanes wide. The highly configurable model allows control over all aspects of operation, including error injection and reporting, and programmable root complex or endpoint behaviour as defined by the PCI Express 1.0a base specification Initiator-specific operations As an initiator, the toolkit can generate all types of transactions, messages and completions for Transaction Layer Packets (TLPs) and all types of Data Link Layer Packets (DLLPs). Full support is also provided for Quality of Service (QOS) verification using prioritized traffic channels and virtual channels. Full support for multiple-outstanding transaction generation and data checking, and precise control over transaction and packet attributes, including error injection, simplify the generation of complex test cases. Completer-specific operations As a completer, the toolkit fully supports all memory spaces, including configuration space, and provides precise control over transaction completion - including error injection and reporting. Rule-based protocol checking engine The protocol checker provides extensible protocol verification and generates detailed, easy-to-read log files showing activity at the symbol and transaction levels Test generation Integrating the Bus Functional Models with TransEDA's VN-Control test generator simplifies the generation of directed, pseudo-random and reactive pseudo-random test-cases. Working with this verification environment allows easy generation of complex corner-case situations and tests of the system's ability to deal with errors while running. Automatic collection of statistics and coverage information also aid the evaluation of test case effectiveness. VN-Control support for other models, including TransEDA's HyperTransport, and PCI/PCI-X/PCI-X 2.0 models, and the ability to integrate third-party models, allows users to develop sophisticated system-level verification environments. Read Full Thread Reply
Posted at 17/6/2003 11:07 by garth Yup - next statement due end of June. But that, in itself, could equally be reason for a fall in price. If the rise is linked to the statement in 2 weeks time then what is driving the optimism? At the time of the last statement we had just one sale of the new software booked. Since then we've had a couple of optimistic news pieces pasted here which would seem to indicate that TransEDA do actually have a piece of software which is leading-edge at the dawning of a new market. The problem here is that it appears to be some way ahead of the mainstream market. How do you speed a market to fruition whilst at the same time wishing to restrain costs? The potential is for some positive news and a swift 50% to 150% hike in the share price. But the potential is for another report of insignificant sales and a swift halving of the share price. Either way, volatility seems to be the name of the game and the upside remains considerable (and, perhaps, growing the longer TRA manage to survive). But the constraints of weak cash-flow still mean we could lose it all - sooner rather than later. Still invested here. G. Read Full Thread Reply
Posted at 02/6/2003 11:34 by hupper New sorely needed tool...02/06/03 TransEDA Announces Industry-First Property Capture and Validation Product Supports fast-emerging property and assertion-based verification methodology Design Automation Conference, Anaheim, CA - 2 June, 2003 - TransEDA® PLC, (LSE: TRA) the leader in ready-to-use verification solutions, today announced the availability of its breakthrough property and assertion capture and validation tool, the latest addition to the company's suite of high performance verification solutions for complex FPGA, ASIC and SoC designs. PA-Studio has been developed to address the fast-emerging property and assertion-based verification methodology, increasingly adopted by electronics designers in place of conventional testbench-driven simulation and analysis techniques. It also supports the industry-driven standardization of the new Accellera Property Specification Language (PSL), formerly known as IBM Sugar, as the de facto language for property development. The new, standalone PA-Studio toolset allows designers to graphically create, verify and debug properties and assertions, ensuring that the design specification is correctly captured in advance of the verification stage. PA-Studio shortens the property development cycle time and builds in correctness-by-design from the start. Commenting on the new product announcement, David Dempster, marketing executive at TransEDA said, "Property checking and assertion-based verification tools are establishing themselves as the breakthrough in the verification challenge. Increasingly, designers, test and verification engineers, IP developers and integrators are using properties in their designs and PA-Studio is the first product on the market that facilitates the early adoption of this methodology, ahead of the market." "Although this first release supports PSL 1.0 / Sugar 2.0, PA-Studio has been developed as a standalone product, fully compatible with all leading EDA verification systems, and is built upon a flexible, open architecture designed to support other property and assertion languages, as they emerge. PA-Studio can also be used with TransEDA's fully integrated Verification Navigator product suite," added Dempster. Key Functionality in PA-Studio Property Generator: The graphical front-end uses an intuitive drag-and-drop facility to capture properties from the signals that appear in the design's hierarchy so that designers do not need to have an in-depth knowledge of the PSL/Sugar language in order to generate properties. It ensures that all captured properties are syntactically correct. For those designers with an in-depth knowledge of PSL/Sugar, properties can be entered in textual format which further speeds up the creation/capture process. The Property Generator can also be used to create a graphical representation of a hierarchical design (block diagram format) before any HDL code is written so that properties can be developed at the earliest possible stage in the design flow, saving cycle time. Waveform Editor PA-Studio reads simulation information from a VCD (value change dump) file produced during a logic simulation, and uses this information to validate a property. In cases where the user may not have a VCD file, PA-Studio utilizes its Waveform Editor, allowing designers to quickly and easily create a test scenario that simulates the real world. The Waveform Editor is a graphical tool that enables signals and clocks to be easily created, and then the relationship between signals and clocks to be altered on-the-fly, thus validating that the captured properties accurately reflect the design intent. Results Viewer This tool graphically shows where matches, partial matches or failures have occurred within the VCD trace. Color-coding is used to direct the user to where matches or failures have been encountered, so that errors can be rectified before the design reaches the verification stage. Read Full Thread Reply
Posted at 13/3/2003 07:42 by romeo Here are the results: RNS Number:6744I TransEDA PLC 13 March 2003 TransEDA PLC Interim results for the six months ending 31 December 2002 For the six months ended 31 December 2002. Highlights * Revenues in the period of #1.8m (2001 Interim: #3.5m). * Operating loss, before goodwill impairment and amortisation and restructuring costs, of #182,000 (2001 Interim: #70,000 profit). * Restructuring costs of #225,000 (2001 Interim: Nil). * Goodwill has been written off in full in the period resulting in a charge to the profit and loss account of #4,687,000 . * Net loss for the period of #5,143,000 (2001 Interim: #273,000 loss). * Significant restructuring of the business in the period with major management changes and overall headcount reduced from 52 to 36. * Ongoing administration costs have been reduced to #2.0m (2001 #3.5m). * The first release of VN Property, our new formal verification tool has been launched and the first sale has been booked. Commenting on the results, Bob Quinn, Chairman said: "While our financial performance has been disappointing, we are beginning to see the benefit of the aggressive action we are taking to restore the Company to health. Considerable challenges remain, but I am encouraged in particular by the early response to our recent new product introduction. " ____________________________________________________________________________________ Enquiries: TransEDA Gordon Whelan, Finance Director 02380 683500 Beattie Financial 020 7398 3300 Ann Marie Wilkinson Gemma Smith Chairman's Report Significant progress has been made during a very difficult period for the Company over the last six months ended 31 December 2002. TRADING REVIEW Sales for the period dropped to #1.8m from #3.5m for the corresponding period in 2001, a decline of 49%. However, it is important to note that this reflects the fact that the comparable period last year included #1.1m of revenues arising from the acquisition of iModl Inc. in March 2001. The contribution from iModl products in 2002 has been disappointing and, if they are excluded from the comparison, the actual decline in revenues from core products is 25%. As reported at the time of our Annual Report in 2002, the difficult economic climate has continued to affect our business. In all of our major markets our customers continue to operate tight budgetary controls and are postponing investment and buying decisions. We have seen little indication of a relaxation of this policy in the period, with pressure on both new sales and maintenance renewals. There have been significant changes to the management team during the period, with the departure of Chris Wright, Ellis Smith and Gus Orchard, respectively the Chairman, Chief Executive and Finance Director. Gordon Whelan was promoted to Finance Director and, after assisting for a period as Interim Chief Executive, I have assumed the role of Chairman. I was succeeded as CEO in September by Udo Muerle, formerly International VP of Sales but regrettably must announce that Udo has now decided to leave the company. Udo has resigned from the Board today but will continue with the company for three months to ensure a smooth handover of his responsibilities. TransEDA continues to face a number of challenges in what remains a difficult operating environment, but your Board sees reason for cautious optimism for the potential for the Company's products and technology. We have recently appointed Sigma Technology Management to support us in the management and development of the business. We have already taken a number of clear steps to reduce costs further and to ensure tight financial management over all areas of the business. Administration costs excluding goodwill charges and restructuring costs for the period were #1,978,000, a significant reduction over the prior period. This figure is net of a write back of #160,300 in respect of a write back against a contract with a major customer which is no longer required. Exceptional costs of #4,784,000 have been recorded in the period. These comprise redundancy and restructuring costs of #225,000, a goodwill impairment charge of #4,514,000 and a loan write off of #45,000. Headcount has been reduced from 52 to 36 personnel at the period end. In June 2002 we carried out an impairment review of the goodwill arising on the acquisitions of Dualsoft LLC and iModl Inc. This resulted in a write down in the carrying value of goodwill of #4,813,000. We have conducted a further review of goodwill at the period end and have decided to take the most prudent approach available to us and write off the remaining value of goodwill in this period. This has resulted in a charge to the profit and loss account in the period of #4,514,000. We have also written off in full the shares held by the Company's Employee Share Ownership Trust, resulting in an additional charge to the profit and loss account of #45,000. Neither of these items impacts on the Group's cash or trading position. Before these exceptional items and amortisation of #173,000 the loss before tax for the period was #186,000 (2001 Interim: #90,000 profit). This is in line with our expectations for the half year and given the significant internal changes and the difficult trading circumstances the Board is satisfied with this performance. Control of cashflow has been of central importance to the business over the past six months. Cash in hand at the end of December was #529,000. Borrowing facilities have also been put in place in the UK and US to assist with working capital requirements, but these can only be drawn at agreed ratios against debtors. The movement in net funds in the period shows a cash outflow of #286,000 (2001: #1,221,000). No dividend is proposed. PROSPECTS The cost savings we have made have not affected our ability to deliver new product developments and an ongoing investment in research and development is fundamental to the future strategy of the business. We are pleased to announce that a new product, VN Property was released in March of this year and our first sale of this product has already been made. This is the first of our new Formal Verification tools incorporating technology exclusively licensed under our previously announced agreement with SRI International that are planned for release over the next eighteen months. We have received favourable reactions from our customers who have been using the product on a trial basis and we believe that it will be well received by the marketplace. Early reactions to VN Property at its official launch at DATE a key industry tradeshow were very positive. The Directors are assuming that there will be no change in the difficult economic conditions in the second half of the year. However, the steps taken in the first half of the year have left the company in a stronger position to trade through the difficult challenges of the next six months. We expect to achieve revenue of approximately #750,000 in the third quarter and there are signs of a stabilisation in demand. Financial resources nevertheless remain very tight and, while the financial statements have been prepared on a going concern basis, the Company has continued to incur losses and remains exposed to any downturn in sales. In view of this the Company is conducting a strategic review with Sigma to assess further opportunities to reduce cost, ensure the ongoing viability of the business and maximise the potential from the Company's products and technology. We will make an announcement to update shareholders by the end of April. To assist with cashflow Sigma have agreed to receive approximately half of their fee in equity, and accordingly we will be allotting 2,500,000 shares to them at a price of 2.5p per share. As an additional expression of confidence I have agreed to receive half of my remuneration as Chairman in the form of shares in the company, and these will also be allotted at the same price. Finally, I would like to thank the employees of the group for their performance over the past six months. Their commitment and loyalty to TransEDA during a difficult period gives the Board confidence in the future of the business. Bob Quinn, Chairman 12 March 2003 Sigma Technology Management is a specialist technology advisory and investment business. The Sigma team will be led by Keith Monserrat, the Chief Technology Officer at Sigma. He previously served on the executive boards of Scottish Telecom plc and Kingston Communications plc and was a founding non-executive director of Colt Communications. He currently serves as a non-executive director at TenisonEDA, a semiconductor EDA tools company based in Cambridge. He has had previous experience in the semiconductor industry whilst working at BT, and has a doctorate in semiconductor physics. Read Full Thread Reply
Posted at 10/3/2003 13:15 by mh Further detail and comment from Munich in Germany, by Transeda CEO Udo Muerle, on the release of VN-Property. Good to see further positive and important product progress being made by the company, as promised, with plenty more to come. And so nice to see a British technology company coming up with a "first to market" and beating their American competitors, just sad that it is not, for the moment anyway, appreciated by UK investors. Anyhow, expect further positive news on Thursday. TransEDA Announces Support for Accellera PSL with Release of VN-Property D.A.T.E., Munich, Germany - 4 March, 2003 - TransEDA® PLC, (LSE: TRA) the leader in ready-to-use verification solutions for electronic designs, today announced its next generation release of VN-Property Property Checker and Analyzer which now supports the new Accellera Property Specification Language (PSL), formerly known as IBM Sugar. Originally developed in Perl, TransEDA now delivers VN-Property under the property specification language defined by Accellera, the electronics industry organization focused on language-based design standards. Udo Muerle, CEO at TransEDA said, "TransEDA is an active member of the Accellera committee and recognizes the tremendous value that this powerful and user-friendly industry standard language brings to our customers and the industry at large. Fast emerging as the de facto industry standard, Accellera PSL will improve the simulation and verification processes, and optimize design technology interoperability." "We have quickly adopted the new language into our R&D, and are proud to be the first EDA vendor to launch a property checking solution based on Accellera PSL. This release is the first in a number of planned VN-Property releases that will bring, initially, dynamic property checking, and then formal and semi-formal property checking to the desktops of designers and verification engineers," Muerle added Full article on Transeda's website - Read Full Thread Reply