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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934
(AMENDMENT NO. )
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COMMISSION ONLY (AS PERMITTED BY
RULE 14A-6(e)(2))
[_] Definitive Proxy Statement
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[_] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
Quickturn Design Systems, Inc.
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(Name of Registrant as Specified In Its Charter)
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Notes:
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CONTACTS:
QUICKTURN DESIGN SYSTEMS, INC. ABERNATHY MACGREGOR FRANK
Joan Powell Pauline Yoshihashi
Director, Marketing Communications (213) 630-6550
(408) 914-6701 Matt Sherman
[email protected] (212)371-5999
FOR IMMEDIATE RELEASE
DELAWARE CHANCERY COURT TO ORDER DELAY OF ANY VOTE AT
MENTOR'S CHALLENGED MEETING DATE
LITIGATION WILL DETERMINE ACTUAL MEETING DATE
SAN JOSE, CALIF. -- OCTOBER 22, 1998 -- Quickturn Design Systems, Inc. (Nasdaq:
QKTN) announced today that the Delaware Chancery Court will enter an order
postponing until at least November 20, 1998 any vote to be taken at a special
stockholder meeting requested by Mentor Graphics Corporation. Mentor had
sought to have the vote proceed on October 29, 1998; however, in response to
Quickturn's motion to enjoin any vote on that date, Mentor consented to an
order postponing any vote.
The Quickturn Board of Directors continues to challenge the validity and
legality of Mentor's attempt to call the special meeting as well as its ability
to set the meeting date and record date of the special meeting. These matters
continue to be the subject of litigation between Quickturn and Mentor. Subject
to the resolution of this litigation, the Quickturn Board has set Friday,
January 8, 1999 as the date for the special stockholder meeting, in accordance
with the company's Bylaws.
On a separate matter, Quickturn announced today that the United States District
court for the District of Delaware denied Mentor's motion for preliminary
injunction as well as Quickturn's motion for preliminary injunction.
Quickturn Design Systems, Inc. is the leading provider of verification products
and time-to-market engineering (TtME/TM/) services for the design of complex ICs
and electronic systems. The company's products are used worldwide by developers
of high-performance computing, multimedia, graphics and communications systems.
Quickturn is headquartered at 55 W. Trimble Road, San Jose, CA 95131-1013;
Telephone: 408/914-6000. For more information, visit the Quickturn Web site at
www.quickturn.com or send e-mail to [email protected].
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