EDA Industry Almanac – Nominal Q4 2011
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EDA Industry Almanac – Nominal Q4 2011


This is the
April 03, 2012 article for the EDACafe.com EDA Commentary. The article is entitled, “The EDA Industry Almanac – Nominal Q4 2011.”  

Over the years since 2003, Henke Associates has regularly posted articles in IBSystems’ Newsletters EDACafe.com and MCADCafe.com. These postings included quarterly Commentaries, WEEKLIES, and Almanacs that dealt with high tech software vendors in the fields of Electronic Design Automation (EDA), Electronics Intellectual Property (Electronics IP), and in the companion fields of mechanical computer aided design (MCAD) and mechanical computer aided engineering & analysis (MCAE).

Familiar vendor names have included Cadence, Mentor Graphics, Synopsys and others in EDA; ARM Holdings, Rambus and others in Electronics IP; and ANSYS, Autodesk, Dassault Systemes, PTC and others in MCAD/MCAE. Past EDA, Electronics IP and MCAD/MCAE Commentaries tended to run daily for a full calendar quarter; and past EDA WEEKLIES ran daily for at least four weeks. Articles in the new EDA COMMENTARY category have yet to establish a pattern of active daily running time longevity. In any case, all articles remain accessible to readers in the IBSystems’ on-line archives indefinitely.

Beginning in 2011, the writer occasionally combined reports on EDA and on Electronics IP into single issues of EDA WEEKLY. Readers will recall for example the April 04, 2011 issue, entitled, “The EDA and the Electronics IP Almanac: Q4 2010.” The same EDA and Electronics IP combo also appeared on June 27, 2011 for Q1 2011 financials.

But as readers quickly observed in the August 22, 2011 EDA WEEKLY, the G5 Electronics IP financial results for Q2 2011 held the center stage alone, including the then-current gyrations of the worldwide economic environment. The same was true of the Q3 2011 and Q4 2011 G5 Electronics IP financial results posted November 14, 2011 and March 05, 2012, respectively.

Other Combinations

More rare have been occasions when one particular article appeared in both the EDACafe.com and MCADCafe.com newsletters, such as the article on ANSYS multi-physics of July 2010. This trend is likely to be repeated going forward as the fields of
mechanical design automation & simulation merge more and more with electronics design & simulation.

Occasionally it will also become useful to combine the financial reports from EDA and MCAD/MCAE into single issues of EDA WEEKLY, when the stars line up schedule-wise. Such was the case here in September and December 2011.

Likewise, it is not unusual to separate them, and that is again the case in the current April 03, 2012 EDA COMMENTARY.

The April 03, 2012 EDA COMMENTARY

This issue of the EDA COMMENTARY, which is entitled, “The EDA Industry Almanac: Nominal Q4 2011,” reports on the nominal Q4 2011 financial results of the following EDA vendors:

                   Cadence                                       San Jose. CA

                   Mentor Graphics                        Wilsonville, OR

                   SpringSoft, Inc.                        Hsinchu, Taiwan

                   Synopsys, Inc.                       Mountain View, CA

Selection History of Vendor Coverage Choices for EDA 

For the quarterly EDA Industry Commentaries published in EDACafe.com starting in May 2003, Henke Associates originally chose nine (9) publicly-traded entities: Altium, Ansoft, Cadence, Magma, Mentor Graphics, Nassda, Synopsys, Synplicity and Verisity.

Subsequently, Verisity and Nassda were acquired by EDA vendors Cadence and Synopsys, respectively, and hence were dropped from independent coverage the quarterly EDA Commentaries. More recently, EDA vendor Synplicity was acquired by Synopsys, and EDA vendor Ansoft was acquired by MCAE vendor ANSYS. Consequently, both Synplicity and Ansoft no longer independently appeared in the EDA Industry reports. In May 2011, SpringSoft, Inc. replaced Altium Limited on our G5 EDA list.

The Synopsys acquisition of MAGMA, announced in late November 2011, was finally consummated in February 2012. Accordingly, MAGMA financials will subsumed by those of Synopsys, beginning with the report for nominal Q1 2012. A fifth EDA vendor to replace MAGMA for EDA Almanac reporting purposes has not been chosen.

Structure of the Presentation in this April 03, 2012 Issue

The EDA group of four vendors will be reported separately herein. The report will end with summary charts of revenues and earnings, preceded by individual financial summaries on each vendor in turn. Recent stock performances in the form of recent Yahoo charts will also be included. A relatively new feature added here for EDA are Google P&L graphs for the last five years for most vendors. The current status in the US and worldwide economies will also be mentioned when relevant using individual vendor stock charts, as time permits.

Indeed, the Q3 2011 financial results posted here in early December and their quarterly Q2 2011 predecessors in September 2011, were occurring in a period of unusual economic volatility that was initially precipitated by the debt ceiling debate in Washington DC and subsequent reduction of the USA’s credit rating by S&P from AAA to AA+.

The aforementioned continuing volatility in the economy was visible to anyone looking at the stock markets’ 2011 performances through, say, November 14, 2011.

Below is a graph of the six months of the NASDAQ Composite leading up to November 14. Please note: (a) the relative stability of the Composite curve at just above the 2800 level for the initial months shown till late July 2011; (b) the steep plunge to below 2400 by mid-August 2011; (c) the relatively wild oscillations from mid-August 2011 through mid-November 2011; and (d) never closing at 2800 or above during the entire reporting period after mid-August 2011.

NASDAQ Close Nov 04 = 2686.15

52 week range = 2298.89 – 2887.75

Indeed, it was not until January 25, 2012 that the NASDAQ Composite finally closed above 2800 again, rising at an average slope of over 41 points per week for the four weeks between January 20 and February 17, as the US economy began to show consistent improvement (see below):                                                       

NASDAQ Close Feb 17, 2012 = 2951.78

52 week range = 2,298.89 - 2,962.78

For the period between December 26, 2011 and February 16, 2012, the NASDAQ Composite index grew from 2590 to 2960 or 370 points in 33 trading days, averaging about 11 points gain every day the market was open.

Since late December 2011, the NASDAQ Composite has stabilized and risen at a powerful upward slope, flirting with 3090.08 on March 21, 2012, closing at 3067.92 on March 23, 2012, having just closed at a high of 3078.32 on March 19, 2012:

NASDAQ Close March 23, 2012  =  3067.92

52 week Range:        2,298.89 - 3,090.08

What’s the NASDAQ done over the past week while this EDA MAGAZINE article was being prepared for posting? Just proceeded to grow some more to a peak of 3134.17 before settling in to close Friday at 3091.57.

NASDAQ Close March 30, 2012  =  3091.57

52 week Range:        2,298.89 - 3,134.17

Enjoy the rest of this article!

On February 01, 2012 Cadence Design Systems, Inc. (NASDAQ: CDNS) announced results for its fourth quarter and fiscal year 2011 ending January 1, 2012.

Cadence reported fourth quarter 2011 revenue of $308.006 million, compared to revenue of $249.018 million reported for the same period in 2010.

On a GAAP basis, Cadence recognized net income of $10.892 million, or $0.04 per share on a diluted basis in the fourth quarter of 2011, compared to a net loss of $37.037 million, or $(0.14) per share on a diluted basis in the same period in 2010.

For the fourth quarter of 2011, as guidance three months ago, the company expected total revenue in the range of $295 million to $305 million. Fourth quarter GAAP net income per diluted share was expected to be in the range of $0.08 to $0.10.

For the full year 2011, as guidance three months ago, the company also expected total revenue in the range of $1,135 million to $1,145 million. On a GAAP basis, net income per diluted share for 2011 was expected to be in the range of $0.31 to $0.33.

Revenue for year 2011 actually totaled $1,149.835 million, compared to revenue of $935.354 million for 2010.

Net income for 2011 was $72.538 million, or $0.27 per share on a diluted basis, compared to net income of $126.538 million or $0.48 per share on a diluted basis for 2010. The GAAP net income for 2010 included a $148.302 million income tax benefit related to the settlement of an Internal Revenue Service examination of Cadence’s federal income tax returns for the tax years 2000 through 2002 and a $66.707 million acquisition-related income tax benefit.

Lip-Bu Tan

“I am very proud of the accomplishments of the Cadence team in 2011,” said Lip-Bu Tan, president and chief executive officer. “In addition to outstanding financial results, our accomplishments included introduction of new products for hardware-software co-design, leadership for 20-nanometer and advanced multi-core processor design, and deeper collaboration with industry leaders.”

Geoff Ribar

“Strong top-line growth and a continued focus on efficiency led to a significant improvement in operating profitability for 2011,” added Geoff Ribar, senior vice president and chief financial officer. “Our financial position also strengthened in 2011 as we were able to add to our cash position even after funding acquisitions, increased investment in R&D, and the retirement of $150 million of convertible notes.”

Business Outlook

For the first quarter of 2012, the company expects total revenue in the range of $305 million to $315 million. First quarter GAAP net income per diluted share is expected to be in the range of $0.08 to $0.10.

For all of 2012, the company expects total revenue in the range of $1,240 million to $1,280 million. On a GAAP basis, net income per diluted share for 2012 is expected to be in the range of $0.39 to $0.49.

Cadence self description

Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, California, with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company and its products and services is available at www.cadence.com.

Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

March 23, 2012 Market Cap  $ 3.29 B

52 Week Range  8.09 – 12.60

On February 28, 2012 Mentor Graphics Corporation (NASDAQ: MENT) announced financial results for the company’s fiscal year and fiscal fourth quarter and ended January 31, 2012. This latter three month period is treated as “Nominal Q4 2011” for our EDA Magazine reporting purposes.

For Nominal Q4 2011 the company reported revenues of $320.355 million (up 4.25% year-over-year), net income of $57.820 million (up 14.27%), and GAAP earnings per share of $0.52 (up 15.56%). The equivalent numbers for Nominal Q4 2010 were revenues of $307.305 million, net income of $50.999 million, and GAAP EPS of $0.45.

Three months ago, for the fourth quarter, the company said it expected revenues of about $316 million and GAAP earnings per share of $.46.

For the full Nominal 2011 fiscal year, revenues were $1,014.638 million (up 10.92%), net income of $83.872 million (up 193.42%), and GAAP earnings per share of $0.74 (up 184.62%). The equivalent numbers for Nominal 2010 were revenues of $914.753 million, net income of $28.584 million, and GAAP EPS of $0.26.

Three months ago, for the full Nominal 2011 fiscal year, ending January 31, 2012, the company said it expected revenues of $1,010 million and GAAP earnings per share of $.69.

“It was a quarter and a year of records for the company, including the significant milestone of crossing one billion dollars in annual revenues,” said Dr. Walden C. Rhines, chairman and CEO of Mentor Graphics. “We exited the year with very strong momentum as our strategy of diversification has driven growth in non-traditional EDA applications like manufacturing, thermal analysis and embedded software, all of which grew bookings faster than the overall company.”  

Dr. Rhines

“Additionally, the growing complexity of chips and the challenges of the 28nm and 20nm process nodes have generated substantial demand for both our functional verification and our design-to-silicon products,”
said Dr. Rhines.

For the full fiscal year, the company grew staffing 1.4%, including acquisitions, while growing revenues 10.9%. Operating margins for the year reached 11.1% on a GAAP basis. For the fourth quarter, operating expense was up 2.3% on a GAAP basis.

Product Expansion

During Nominal Q4 2011, the company announced the Hyperlynx® 8.2 product which now offers three dimensional full-wave field solving and thermal/power co-simulation capability. The company also announced a partnership with Freescale Semiconductor to deliver high-speed simulation and virtual prototyping environments for next-generation Freescale multi-core embedded processors.

In December 2011, Mentor acquired Flowmaster, a world leader in one-dimensional computational fluid dynamics simulation software used to analyze complex fluid flow network systems. Also in the quarter, the company announced a new version of its three-dimensional computational fluid dynamics simulation software that offers new analytic capabilities for radiation, combustion and hypersonic flows.

The company introduced the first solution that addresses the challenges of light emitting diode (LED) & semiconductor packaging thermal characterization, combining the FloTHERM® and T3ster® products. In manufacturing, the company announced Capital Harness MPM, a product that helps wire harness manufacturers cut production costs.

“The company has delivered significant improvements in its SG&A to revenues ratio over the year, driven by both strong cost controls and improvements in the business,”
said Gregory K. Hinckley, president of Mentor Graphics.

Greg Hinckley

“We made great strides this year toward the company’s goal of achieving 20% operating margins, and with incremental improvements, we expect to achieve that target in FY2014,” continued Hinckley.

“With continued discipline in the business, we expect to grow earnings per share at twice the rate of revenue growth in the coming fiscal year. Our past investments in a multi-tiered sales channel (and products to match) allow us to address the universe of tens of thousands of systems companies versus the hundreds of semiconductor companies, which gives us, uniquely among our competitors, the reach to penetrate traditionally under-served adjacent design markets,”
said Hinckley, in quietly stating Mentor Graphics’ strategy for success in the next decade.


For the full fiscal year 2013, the company expects revenues of about $1.1 billion, and GAAP earnings per share of approximately $1.13. For Nominal Q1 2012 (the first quarter of fiscal 2013), the company expects revenues of about $255 million, and GAAP earnings per share of approximately $0.19.

Share Repurchase Authorization

The company’s board has increased the share repurchase authorization to $200 million from the original $150 million. During the past fiscal year 2012, the company repurchased 6.8 million shares for $90 million at an average cost of $13.22 per share. Under this increased authorization, $110 million is available for share repurchase over the next two years.

Fiscal Year Definition

Mentor Graphics’ fiscal year runs from February 1 to January 31. The fiscal year is dated by the calendar year in which the fiscal year ends. As a result, the first three fiscal quarters of any fiscal year will be dated with the next calendar year, rather than the current calendar year.

Mentor Graphics self description

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 about $1,015 million. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.


March 23, 2012 Market Cap   $ 1.68 B

52 Week Range  8.50 – 15.76

On March 08, 2012 SpringSoft, Inc. (TAIEX: 2473) announced financial results for calendar 2011 and for Q4 2011.

Full Year 2011

SpringSoft’s annual revenue in 2011 totaled NT$2,276.308 million, an increase by 4.5% from 2010. In US$, 2011 revenue for the year was $77.005 million.

Full year 2011 net income was NT$568.999 million, increased 23.3% from 2010. In US$, 2011 net income for the year was $9.249 million. 

Accumulated EPS was NT$2.78 for the year, higher than NT$2.22 in 2010. In US$, diluted EPS in 2011 was $0.09

Q4 2011

Fourth quarter revenue increased 6.3% from the prior quarter and 4.2% year-over-year. In US$, Q4 2911 revenue was $19.821 million.

Net Income also increased 0.3% from the prior quarter and 96.7% from the year-ago quarter. In US$, Q4 2011 net income was $4.903 million.

EPS was NT$0.73. In US$, diluted EPS in Q4 2011 was $0.02.

Johnson Teng

“We have done an excellent work in Q4 2011 and exceeded our Q4 sales target as well as the 2011 target,”
said Johnson Teng, COO of SpringSoft. “In Q4 we also expanded our Laker family with the introduction of Laker Blitz, an innovative technology that specifically targets ‘chip finishing’ operations to help our customers’ critical tapeout process.”

“Moreover, Laker received the Best Electronic Design 2011 Award for the second consecutive year from Electronic Design Magazine.

Meanwhile, to further expand the SpringSoft brand worldwide, Mark Milligan, new Vice President of Corporate Marketing, now leads global marketing efforts to reinforce our position as one of the leading suppliers of EDA tools and services,” said Teng.

Note: SpringSoft was featured in an EDA WEEKLY during 2011 called, “Welcome SpringSoft:


This EDA WEEKLY article on SpringSoft was number 1 in ‘click-throughs’ in 2011. In all, this writer garnered four of the top five EDACafe.com articles in 2011.

SpringSoft self description

SpringSoft, Inc. is a global supplier of specialized automation technologies that accelerate engineers during the design, verification and debug of complex digital, analog and mixed‐signal ICs, ASICs, microprocessors, and SoCs. Its award‐winning product portfolio features the Novas™ Verification Enhancement and Laker Custom IC Design solutions used by more than 400 of today's leading IDM and fabless semiconductor companies, foundries, and electronic systems OEMs. Headquartered in Hsinchu, Taiwan, SpringSoft is the largest company in Asia specializing in IC design software and a recognized industry leader in customer service with more than 400 employees located in multiple R&D sites and local support offices around the world. For more, visit www.springsoft.com.


On February 22, 2012 Synopsys, Inc. (NASDAQ: SNPS) reported results for its fiscal year 2012 and first fiscal Quarter. This latter period is Nominal Q4 2011 for EDA Magazine reporting purposes.

NOTE: Since the MAGMA Acquisition was consummated after the close of Nominal Q1 2011, its revenue, profit, etc., were not consolidated with that of Synopsys in Nominal Q4 2011.

Synopsys Nominal Q4 2011 Financial Highlights:

            -    Revenue: $425.496 million

                 Guidance 3 months ago:  $412 - $420 million

            -    GAAP earnings per share: $0.39

                 Guidance 3 months ago:   $0.33 - $0.38

For Nominal Q4 2011, Synopsys reported revenue of $425.496 million, compared to $364.644 million for the first quarter of fiscal 2011, an increase of 16.69 %.  

"Business in Nominal Q4 2011 was strong and broad based. Combined with a solid outlook for the rest of the year, our results allow us to raise our outlook for Nominal 2012, independent of any impact from the Magma Design Automation acquisition," said Dr. Aart de Geus, chairman and CEO of Synopsys.


Dr. Aart de Geus

"Customers are aggressively moving to develop advanced new products, and demand for our technology and support is high. We expect the acquisition of Magma, which closed today (February 22), will enable us to accelerate delivery of state-of-the art technology to our customers,” said Dr. de Geus.

GAAP Results

On a generally accepted accounting principles (GAAP) basis, Synopsys’ net income for the first quarter of fiscal 2012 (Nominal Q4 2011) was $56.69 million (up 17.52%), or $0.39 per share (up 25.81%), compared to $48.23 million, or $0.31 per share, for the first quarter of fiscal 2011 (Nominal Q4 2010). Due to its fiscal calendar, the first quarter of fiscal year 2012 (Nominal Q4 2011) included an extra week.

Financial Targets

Synopsys also provided its financial targets for the next quarter and its full fiscal year 2012.  NOTE:These targets do not include any impact of the acquisition of Magma Design Automation or future acquisition-related expenses that may be incurred in fiscal 2012.  These targets also constitute forward-looking information and are based on current expectations.    

Nominal Q1 2012 Targets (Feb – Apr)

  • Revenue: $412 million - $420 million
  • GAAP expenses: $332 million - $348 million
  • Other income and expense: $0 - $2 million
  • Fully diluted outstanding shares: 146 million - 150 million
  • GAAP earnings per share: $0.37 - $0.43
  • Revenue from backlog: greater than 90%

Full Fiscal Year 2012 Targets: (Feb -Jan)

  • Revenue: $1.655 billion - $1.675 billion
  • Other income and expense: $0 - $4 million
  • Fully diluted outstanding shares: 146 million - 150 million
  • GAAP earnings per share: $1.33 - $1.48
  • Cash flow from operations: approximately $300 million

Web Sites

All four EDA vendors mentioned in this article are at different stages of gradually improving their respective corporate web sites over time, to make the sites at once more attractive, comprehensive, informative, easier to navigate, and closer to representative of each company’s culture and standing in the industry. Signs of progress exist in the web sites of each of the four EDA vendors herein.

But it’s also possible to go too far, to include too much, too full of unnecessary multimedia and gimmicks, to actually become too complex and intimidating. Synopsys’ web site has been upgraded and improved remarkably in the recent past, and arguably now runs the risk of “too much.”

But we applaud all moves toward site improvement coupled with discipline on the parts of all EDA vendors.

Synopsys self description

Synopsys, Inc. (Nasdaq: SNPS) is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design, verification and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, system-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has approximately 70 offices located throughout North America, Europe, Japan, Asia and India.



Market cap   $ 4.40 B

52 Week Range    21.37  -  30.88

EDA G4 Vendors’ Summary Results Nominal Q4 2011

We end our EDA Magazine review by looking at the Summary Revenue List of the most-recently-reported quarter; this time it’s the nominal Q4 2011 EDA G4 vendor performances (Table 1) below.

The very first number to notice in Table 1,is the figure in the lower left corner of the chart: the collective revenue [$1073.69 million] of the covered EDA vendors in our list (even without a contribution from MAGMA) exceeded a billion dollars in quarterly revenue in Nominal Q4 2011 for the first time since coverage began in 2003. Recall that with MAGMA in the G5 list, the group of five came in slightly below a billion dollars in collective revenue in Nominal Q3 2011.

The total revenue of the G4 in Nominal Q4 2011 was also a healthy 12.63% higher than sequential Nominal Q3 2011, as each of the four vendors showed sequential improvement in Nominal Q4.

Mentor Graphics enjoyed the largest rise at nearly 28% improvement, allowing Mentor to eclipse Cadence in Nominal Q4 total revenue, second only to the perennial revenue leader Synopsys.

But Mentor was last in percentage improvement for Nominal Q4 2011 revenue in it’s year over year quarterly performance, as Mentor delivered a big Nominal Q4 last year as well.

Synopsys was the Nominal Q4 2011 revenue leader by a comfortable margin over #2 Mentor, even though Synopsys had not yet booked a penny of MAGMA revenue, as the recent SNPS acquisition of LAVA was not official until February 2012.


1 Notice that these Table 1 columns above calculate the percentages of one quarter over the other, as labeled, whereas in Table 2 below, the relevant columns provide the numerical dollar differences in earnings between two different quarters as labeled.

Turning to Net Income performances of the G4 in Table 2, we also note the improvement in net income in the covered quarter, the G4 growing total profits by 12.63 % over Nominal Q3 2011. That’s a nifty total G4 Nominal Q4 2011 after tax profitability of over 20%, folks.  



About the writer:

Since 1996, Dr. Russ Henke has been active full time as president of HENKE ASSOCIATES, a San Francisco Bay Area high-tech business & management consulting firm. The number of client companies served by HENKE ASSOCIATES during those years now numbers close to fifty. Engagement lengths have varied from a few weeks up to ten years and beyond.

During his previous corporate career, Henke operated sequentially on "both sides" of MCAE/MCAD and EDA, as a user and as a vendor. He's a veteran corporate executive from Cincinnati Milacron (Research Scientist), SDRC (President & COO), Schlumberger Applicon (Executive VP), Gould Electronics (President & General Manager), ATP (Chairman and CEO), and Mentor Graphics (VP & General Manager).

Henke is a Fellow of the Society of Manufacturing Engineers (SME) and served on the SME International Board of Directors. Henke was also a board member of SDRC, PDA, ATP, and the MacNeal Schwendler Corporation, and he currently serves on the board of Stottler Henke Associates, Inc.

Henke is also a member of the IEEE and a Life Fellow of ASME International.

In April 2006, Dr. Henke received the 2006 Lifetime Achievement Award from the CAD Society, presented by CAD Society president Jeff Rowe at COFES2006 in Scottsdale, AZ. In February 2007, Henke became affiliated with Cyon Research's select group of experts on business and technology issues as a Senior Analyst. This Cyon Research connection aids and supplements Henke's ongoing, independent consulting practice (HENKE ASSOCIATES).

Dr. Henke was also a contributing editor of the EDACafé.com EDA WEEKLY from November 01, 2009 until March 31, 2012, posting thirty-two EDA WEEKLY articles during that period; URL's available. Effective April 01, 2012 he contributes to EDA COMMENTARY and MCAD COMMENTARY, and also writes a periodic blog for EDACafe.com and/or MCADCafe.com.

Since May 2003 HENKE ASSOCIATES has also published more than 100 independent commentary articles on MCAD, PLM, EDA and Electronics IP on IBSystems' MCADCafé and EDACafé. Such Commentaries are now part of the EDA and/or MCAD COMMENTARY entries.

Further information on HENKE ASSOCIATES, and URL's for past Commentaries, WEEKLIES, etc., are available at



March 31, 2012 marked the 16th Anniversary of the founding of HENKE ASSOCIATES.