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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
July 6, 1999
Date of Report (date of earliest event reported)
SUMMIT DESIGN, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 000-20923 93-1137888
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation or
organization)
9305 S.W. GEMINI DRIVE
BEAVERTON, OREGON 97008
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
Registrant's telephone number, including area code: (503) 643-9281
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 6, 1999, Summit Design, Inc. issued the press release
attached hereto as Exhibit 99.1, which is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
99.1 Press Release dated July 6, 1999.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Summit Design, Inc.
Dated: July 6, 1999 By: /s/ C. Albert Koob
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C. Albert Koob
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit
Number Description of Document
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99.1 Press Release dated July 6, 1999.
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EXHIBIT 99.1
SUMMIT DESIGN, INC. ANNOUNCES PRELIMINARY FINANCIAL RESULTS FOR THE SECOND
QUARTER OF 1999
BEAVERTON, ORE. -- JULY 7, 1999 -- Summit Design, Inc. (Nasdaq: SMMT) today
announced preliminary financial results for the second quarter of 1999. For the
quarter, the company expects to report total revenue of approximately $7.1
million. The company also expects to report a loss per share between $0.06 and
$0.08 (or between $0.00 per share and a $0.02 loss per share excluding
amortization of intangibles and goodwill). The Company currently expects to
release final results for the quarter on July 27, 1999.
The information in this release regarding expected second quarter results
is forward-looking and preliminary. Actual final results for the quarter could
differ depending on adjustments made during the routine process of closing the
quarter and management review. For a more detailed discussion of these and
other risk factors, interested parties should review Summit's public reports
filed with the Securities and Exchange Commission, including Summit's Report on
Form 10-K for the year ended December 31, 1998 and the Form 10-Q for the first
quarter ended March 31, 1999.
Summit Design, Inc. is a leading international supplier of engineering
software products in the areas of high-level design creation, analysis and
verification. The world's top electronics companies use Summit products to
increase engineering productivity, reduce development time and improve the
quality of their products. Summit is located at 9305 S.W. Gemini Drive,
Beaverton, Ore., 97008; (503)643-9281.
Contact:
Summit Design, Inc., Al Koob 503/643-9281
