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4-Traders Homepage  >  Equities  >  Nasdaq  >  Mentor Graphics Corp    MENT

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Mentor Graphics : CEO Walden C. Rhines Named IEEE Fellow

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01/19/2017 | 04:05pm CET

Release date- 17012017 - WILSONVILLE, Ore. - Mentor Graphics Corporation (NASDAQ: MENT) today announced that company chairman and CEO Dr. Walden C. Rhines has been named a Fellow of the Institute of Electrical and Electronics Engineers (IEEE).

Dr. Rhines is being recognized for leadership and technology innovation in integrated circuit design and automation.

The IEEE Grade of Fellow is conferred by the IEEE Board of Directors upon a person with an outstanding record of accomplishments in any of the IEEE fields of interest. The total number selected in any one year cannot exceed one-tenth of one- percent of the total voting membership. IEEE Fellow is the highest grade of membership and is recognized by the technical community as a prestigious honor and an important career achievement.

During Dr. Rhines' tenure at Mentor Graphics, revenue has nearly quadrupled, enterprise value increased by 8X and Mentor has grown the industry's number one market share solutions in four of the ten largest product segments of the electronic design automation (EDA) industry. At Mentor Graphics, he has built leading industry positions in areas outside of traditional EDA, including system design, embedded software, automotive and hardware emulation. This has led to innovation and growth of the entire EDA industry.

Prior to joining Mentor Graphics, Rhines was executive vice president of Texas Instruments (TI) Semiconductor Group, sharing responsibility for TI's Components Sector, and having direct responsibility for the entire semiconductor business with more than $5 billion of revenue and over 30,000 people.

During his 21 years at TI, Rhines managed TI's thrust into digital signal processing and supervised that business from inception with the TMS 320 family of DSPs through growth to become the cornerstone of TI's semiconductor technology. He also supervised the development of the first TI speech synthesis devices (used in 'Speak & Spell') and is co-inventor of the GaN blue-violet light emitting diode (now important for DVD players and low energy lighting). He was president of TI's Data Systems Group and held numerous other semiconductor executive management positions.

Dr. Rhines received the 2015 Phil Kaufman Award for Distinguished Contributions to EDA, presented by the Electronic System Design Alliance (ESDA), formerly the Electronic Design Automation Consortium, and the IEEE Council on EDA (CEDA). The award honors individuals who have had demonstrable impact on the field of EDA through technology innovations, education/mentoring, or business or industry leadership. Dr. Rhines was recognized for growing the EDA and integrated circuit (IC) design industries through his efforts as a leading voice of EDA and for pioneering the evolution of IC design to system-on-chip (SoC) design.

Rhines has served five terms as ESDA chairman and is currently serving as a director. He is also a board member of the Semiconductor Research Corporation. He has previously served as chairman of the Semiconductor Technical Advisory Committee of the Department of Commerce and as a board member of the Computer and Business Equipment Manufacturers' Association (CBEMA), SEMI-Sematech/SISA, University of Michigan National Advisory Council, Lewis and Clark College and SEMATECH.

Dr. Rhines holds a Bachelor of Science degree in metallurgical engineering from the University of Michigan, a Master of Science and Ph.D. in materials science and engineering from Stanford University, a master of business administration from Southern Methodist University and Honorary Doctor of Technology degrees from the University of Florida and Nottingham Trent University.

About IEEE

The IEEE is the world's leading professional association for advancing technology for humanity. Through its 400,000-plus members in 160 countries, the association is a leading authority on a wide variety of areas ranging from aerospace systems, computers and telecommunications to biomedical engineering, electric power and consumer electronics. Dedicated to the advancement of technology, the IEEE publishes 30 percent of the world's literature in the electrical and electronics engineering and computer science fields, and has developed more than 1300 active industry standards. The association also sponsors or co-sponsors nearly 1700 international technical conferences each year. If you would like to learn more about IEEE or the IEEE Fellow Program, please visit www.ieee.org.

(Mentor Graphics is a registered trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)

ABOUT MENTOR GRAPHICS

Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronic, semiconductor and systems companies. Established in 1981, the company reported revenues in the last fiscal year of approximately $1.18 billion. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.

FOR MORE INFORMATION

Suzanne Graham

suzanne_graham@mentor.com

Mentor Graphics

503.685.7789

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2017 1 218 M
EBIT 2017 234 M
Net income 2017 136 M
Finance 2017 120 M
Yield 2017 0,60%
P/E ratio 2017 31,03
P/E ratio 2018 32,17
EV / Sales 2017 3,22x
EV / Sales 2018 2,97x
Capitalization 4 044 M
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Mean consensus HOLD
Number of Analysts 5
Average target price 37,3 $
Spread / Average Target 0,89%
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NameTitle
Walden C. Rhines Chairman & Chief Executive Officer
Gregory K. Hinckley President & Chief Financial Officer
Ananthan Thandri Chief Information Officer & Vice President
Peter Leahy Bonfield Independent Director
Keith L. Barnes Independent Director
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