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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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Quickturn Design Systems, Inc.
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EXHIBIT 99.54
CONTACTS:
QUICKTURN DESIGN SYSTEMS, INC. ABERNATHY MACGREGOR FRANK
Ray Ostby Pauline Yoshihashi / Matt Sherman
(408) 914-6000 (212) 371-5999
FOR IMMEDIATE RELEASE
DELAWARE SUPREME COURT GRANTS QUICKTURN'S MOTION
FOR EXPEDITED APPEAL
Oral Arguments Scheduled For December 29, 1998
SAN JOSE, Calif. December 8, 1998 -- Quickturn Design Systems, Inc. (Nasdaq:
QKTN) announced today that the Delaware Supreme Court has granted Quickturn's
motion for an expedited appeal of the December 3, 1998 decision by the Delaware
Chancery Court regarding the delayed redemption provision of Quickturn's
stockholder rights plan. Oral arguments have been scheduled for December 29,
1998.
Keith R. Lobo, president and chief executive officer of Quickturn, said, "We are
pleased that the Court granted our motion for an expedited appeal. We continue
to believe that the amendments to the stockholder rights plan were appropriately
adopted by the Quickturn Board and best serve the interests of Quickturn and its
stockholders."
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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