Avant! Settles With Silvaco

Wednesday June 5, 9:00 pm Eastern Time
Press Release
SOURCE: Avant! Corporation

FREMONT, Calif., June 5 /PRNewswire-FirstCall/ -- Avant! Corporation (Nasdaq: AVNT - News), a leading provider of software and services for the design and verification of integrated circuits (ICs), and Shawn Hailey announced that they have completed a final settlement of the pending litigation between them and Silvaco International, Silvaco Data Systems and Dr. Ivan Pesic. As part of the settlement, Avant! will pay Silvaco $20.5 million, and the parties will ask the California courts to dismiss all claims pending between the parties.

On June 4, 2002, Avant! shareholders approved the merger of Avant! Corporation with Synopsys, Inc. (Nasdaq: SNPS - News). The merger is expected to be completed on Thursday, June 6, 2002.

The statements contained in this release that are not purely historical are forward looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this document are based upon information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward-looking statement. Actual results could differ materially from the Company's current expectations. Factors that could cause or contribute to such differences, several of which are outside the control of Avant!, include but are not limited to: several civil litigation matters in which the Company is involved;, its customers and industry; the ability to successfully integrate Avant!'s operations with those of the companies it has acquired; the ability to successfully manage the Company's expanding operations; the ability to attract and retain the key management and technical personnel needed to operate the Company successfully; the ability to compete successfully in the integrated circuit design automation software market; and the difficulty of predicting quarterly operating results. Further discussion of these and other potential risk factors may be found in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission.

About Avant!

Avant! Corporation develops, markets, and supports integrated circuit (IC) design automation software solutions (from system definition to mask synthesis) for the rapid design of multimillion gate products including system on chip (SoC). These ICs power consumer electronics, Internet infrastructure, wireless, telecommunications, and automotive products. The Company is the leading provider of physical foundation IP libraries for IC design and provides a full suite of software for integrated circuit design, process simulation, device modeling, and mask synthesis.

Avant! is a global company with over 65 offices in 18 countries. Telephone: 510-413-8000. Fax: 510-413-8080. www.avanticorp.com.

NOTE: All trademarks mentioned herein are the property of their respective owners.
SOURCE: Avant! Corporation