Yesterday EEtimes.com published two conflicting rumors about Magma:
"There are already rumors of possible acquisitions by Cadence as part
of the restructuring. One rumor has Cadence acquiring Magma. This
move has merit, it would be a far better marriage than the Cadence-
Mentor one, even if it would result in almost instant layoffs."
and from the same article:
"Talking about Magma, the rumor of the week is that the company might
be taken private by a group of investors that includes Rajeev
Madhavan, its founder, Chairman and CEO. This is a move that could
be followed by a reorganization or a sale or merger."
It's interesting what people will talk about when your stock that had once
hovered around $15 a share now trades at around $1 a share.
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