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TRA Tertre Rouge Assets Plc

65.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tertre Rouge Assets Plc LSE:TRA London Ordinary Share GB00BNHN6S26 ORD GBP0.04
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 65.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Blank Checks -591k -0.1159 -5.61 3.32M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 65.00 GBX

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Date Time Title Posts
10/10/200508:30Clients include: ARM, AT&T, Ericsson, IBM, Nokia, Sony........6
30/6/200523:28TripleArc - Discussion thread2
10/2/200412:13tradeworld web site1
16/12/200312:26TransEDA - Chip in, for Recovery!1,008
11/12/200315:59Reversus plc - the next OND ?3

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Posted at 20/5/2024 09:20 by Tertre Rouge Assets Daily Update
Tertre Rouge Assets Plc is listed in the Blank Checks sector of the London Stock Exchange with ticker TRA. The last closing price for Tertre Rouge Assets was 65p.
Tertre Rouge Assets currently has 5,100,000 shares in issue. The market capitalisation of Tertre Rouge Assets is £3,315,000.
Tertre Rouge Assets has a price to earnings ratio (PE ratio) of -5.61.
This morning TRA shares opened at -
Posted at 30/11/2003 16:26 by renixus
A strange fish, Reversus plc is an AIM quoted company. Formerly known as TransEDA, it now exists as a cash shell, with a low market cap and a history of capital losses from its former day's as a gung-ho acquisitor of over-inflated market value technology based businesses.

The company recently transformed itself into an opportunity for any growing and profitable business to benefit from a listing by reversing into Reversus plc. Such a business would, in theory, be able to defer its tax liabilities, thereby generating more cash for expansion, as well as benefiting from an AIM listing for capital raising. This is the 'potential value' factor in Reversus plc.

The company currently has cash of £700k after its latest disposal. Market cap is about £700k, share price 1p and you can currently buy at 1.05p. Capital losses appear to be about £5M (similarish to Overnet Data).

I've no exciting graphs or share price moves to show but perhaps that's all in the future, who knows ? If we are truly on an upturn in the economic cycle these will be worth a punt in my opinion, downside is covered by cash.

Have a look if you dare, the ticker is TRA.L

Good luck to all who sail in her !
Posted at 22/8/2003 18:28 by tiger1234
The point I don't understand about this announcement is the statement "Valiosys was granted an exclusivity period until Sept 15".

It is patently clear that TransEDA has developed a product that is ahead of the game and it;s demise is solely as a result of current market coditions in that sector. If the directors consider the company is in such a state to justify a sale at the equivalent of 1.6p per share then they are equally responsible to the shareholders to obtain as high a price as possible for what is considered to be an exceptional product. An exclusivity period precludes a higher offer being made until after Sept 15. How is this condition considered to be in the best interests of the shareholders, and should not the shareholders have been considered by way of a vote as to whether this condition should be considered acceptable. Most shareholders would reluctantly accept that if a company is in financial difficulty the directors, on behalf of those shareholders, should announce the fact and put the final decision to a shareholder vote.

Are the directors saying that if another company came in before Sept 15 and said they would be prepared to pay the equivalent of 2p or 3p per share the company would refuse it on behalf of the shareholders in favour of an offer of 1.6p!! What is the sense of that and what is the specific reason for the directors agreeing to such a clause.

TransEDA plc will now effectively be a cash shell with £1.15 million cash. The agreement by the directors in respect of today's announcement cannot be considered acceptable and their accountability to the shareholders will be judged by the shareholders and the FSA on making sure that the company retains it's Stock Market listing and it's cash balance if the deal goes through.

The directors must immediately disclose their intentions re TransEDA plc.
Posted at 22/8/2003 13:00 by mrs robinson
TransEDA PLC
22 August 2003

22 August 2003


TransEDA PLC ('the Company')



The Company announces that it has today entered into Heads of Terms for the sale
of all of the issued share capital of TransEDA Technology Limited ('TTL') with
Valiosys S.A. ('Valiosys'). TTL owns substantially all of the operating assets
of the TransEDA group.



Under the Heads of Terms, Valiosys has agreed to purchase the issued share
capital of TTL for a one-off payment of £1,150,000 subject, inter alia, to
satisfactory due diligence. The Board have granted Valiosys an exclusivity
period which will terminate on 15 September 2003.



The Board continue to explore all options available for the business but is
mindful of current trading conditions and the cash balances available to the
Company.



For further information:



Ann-marie Wilkinson, Beattie Financial 0207 398 3300




This information is provided by RNS
The company news service from the London Stock Exchange
Posted at 19/8/2003 21:38 by master rsi
Do not take any notice where ADVFN places the "T" trade as their software only places the trade closer to the price at that moment, but the trade as the explanation below says, was done any time of the day, and be sure that was a buy.

'T' If reporting a single protected transaction.

"A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected."
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
Posted at 24/7/2003 08:37 by kdickson
HOORAH!! SOME POSITIVE EDA NEWS AT LAST!! Especially as TransEDA has a 'special relationship' with Mentor. It makes me feel alot more positive about results due 30th September...


Mentor results point to possible EDA recovery
By Richard Goering

EE Times
July 23, 2003 (7:19 p.m. EST)


SANTA CRUZ, Calif. — Providing the most upbeat outlook for the EDA industry heard for some time, Mentor Graphics Corp. this week (July 23) announced hefty bookings and revenue gains for the second quarter of 2003. What's unclear, however, is to what extent the gains represent Mentor's unique customer mix, as opposed to a general recovery that may extend to other EDA vendors.

Mentor 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 2003. Moreover, the company raised its 2003 earnings guidance to 60 cents per share, although its revenue and bookings guidance remains unchanged.

Mentor's results stand in stark contrast to those of Cadence Design Systems, which last week announced a 20 percent year-to-year revenue decline, a 10 percent layoff, and lowered revenue guidance for the remainder of 2003. Ray Bingham, Cadence president and CEO, said there were few signs of an upturn in the customer base.

Mentor's perspective is very different. Wally Rhines, Mentor Graphics CEO, said the company had experienced an increased "breadth of demand" in the second quarter, as well as 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.

But both Rhines and 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.

Hinckley also acknowledged that the second quarter of 2002 was a weak bookings quarter for Mentor, making the 25 percent year-over-year increase an easy comparison. For 2003, he said, Mentor expects bookings to be up 10 to 15 percent, with little growth in the second half of the year.

Rhines said 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."

One significant change, he said, is the breadth of demand. 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. In particular, he noted, the Calibre physical verification suite had a strong quarter, and SoC verification bookings were up 70 percent.

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," he said. "We have not experienced this since late 2000."

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.

Yet Rhines, who also chairs the EDA Consortium, noted some weak spots for EDA. He observed that the smaller public companies are posting "mixed to down" results, and that emulation is still "far behind traditional run rates" in spite of a recent pickup. "In terms of indicators, it's neutral or maybe slightly positive," he said.

For the third quarter of 2003, Mentor expects revenue of approximately $158 million. For all of 2003, Mentor expects revenue of $665 million. These numbers are unchanged from the company's previous guidance.
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.
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.
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.
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 -
Tertre Rouge Assets share price data is direct from the London Stock Exchange

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