-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dsn726ldjGN4NLXHnNMo7+hau6Fu4rOrRhKQCGxL7l6/TLlJY5DBxK7FgJasJJdb 30Cv9qiCg06iAnE/9o8f1A== 0000929624-98-001631.txt : 19981006 0000929624-98-001631.hdr.sgml : 19981006 ACCESSION NUMBER: 0000929624-98-001631 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981005 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUICKTURN DESIGN SYSTEMS INC CENTRAL INDEX KEY: 0000914252 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 770159619 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 000-22738 FILM NUMBER: 98720974 BUSINESS ADDRESS: STREET 1: 55 W TRIMBLE ROAD CITY: SAN JOSE STATE: CA ZIP: 951311013 BUSINESS PHONE: 4089146000 MAIL ADDRESS: STREET 1: 55 W TRIMBLE ROAD CITY: SAN JOSE STATE: CA ZIP: 95131-1013 DEFA14A 1 DEFINITIVE ADDITIONAL MATERIALS SCHEDULE 14A (RULE 14A-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the registrant [X] Filed by a party other than the registrant [_] Check the appropriate box: [_] Preliminary proxy statement [_] Confidential, for Use of the Commission Only (as permitted by Rule 14a- 6(e)(2)) [_] Definitive proxy statement [X] Definitive additional materials [_] Soliciting material pursuant to (S) 240.14a-11(c) or (S) 240.14a-12 QUICKTURN DESIGN SYSTEMS, INC. - ------------------------------------------------------------------------------- (Name of Registrant as Specified in Its Charter) - ------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of filing fee (Check the appropriate box): [X] No fee required. [_] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: ---------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: ---------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): ---------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: ---------------------------------------------------------------------- (5) Total fee paid: ---------------------------------------------------------------------- [_] Fee paid previously with preliminary materials. [_] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: ---------------------------------------------------------------------- (2) Form, Schedule or Registration Statement No.: ---------------------------------------------------------------------- (3) Filing Party: ---------------------------------------------------------------------- (4) Date Filed: ---------------------------------------------------------------------- CONTACTS: QUICKTURN DESIGN SYSTEMS, INC. ABERNATHY MACGREGOR FRANK Raymond K. Ostby Pauline Yoshihashi/Matt Sherman Vice President-Finance & Administration (213) 630-6550/(212) 371-5999 (408) 914-6633 FOR IMMEDIATE RELEASE QUICKTURN SEEKS $225 MILLION CLAIM FOR DAMAGES FROM MENTOR GRAPHICS QUICKTURN WINS FIFTH CONSECUTIVE ROUND IN MENTOR PATENT INFRINGEMENT BATTLE SAN JOSE, Calif., -- October 5, 1998 -- Quickturn Design Systems, Inc. (Nasdaq: QKTN) announced today that it has submitted preliminary damage claims in excess of $225 million in its U.S. District Court (Oregon) patent infringement lawsuit against Mentor Graphics Corporation (Nasdaq: MENT). This amount is comprised of at least $75 million of damage claims along with a request that the court award an additional $150 million of treble damages on the basis that Mentor willfully infringed Quickturn's patents. Willful infringement is grounds for a court to award up to treble damages in such cases. The trial is scheduled to begin December 1, 1998. The International Trade Commission (ITC) has already ruled that Mentor submitted "false and misleading" evidence in support of their defenses to the same Quickturn patents and described Mentor's defenses as "thoughtless, reckless and harassing." Keith R. Lobo, Quickturn's president and chief executive officer, said, "We believe that Mentor understands the full scope of their exposure in this case. We believe that this exposure is the primary reason that they are trying to buy Quickturn with their unsolicited tender offer. If they are successful in their takeover bid, they will essentially be paying these damages to themselves instead of to Quickturn and its stockholders, to whom that money belongs." Quickturn also announced today that it won the fifth consecutive round in its continuing legal battle to stop Mentor from infringing Quickturn's intellectual property. On September 28, 1998, the U.S. Court of Appeals for the Federal Circuit denied Mentor's final appeal of the preliminary injunction granted to Quickturn on August 1, 1997 by Judge Redden of the U.S. District Court (Oregon). This ruling reaffirms the Federal Circuit's August 5, 1998 denial of Mentor's appeal of the Oregon District Court's preliminary injunction. Seven days after this denial, Mentor commenced its unsolicited takeover bid for Quickturn. -more- -2- Quickturn has been fighting Mentor since late 1995 in two U.S. courts and one German court to prevent Mentor from importing, selling, distributing or manufacturing certain hardware emulation systems and their components which have been found to infringe certain Quickturn patents. Quickturn has won every round in these cases during the three years since Mentor filed the initial suit attempting to invalidate certain Quickturn patents and asking the courts to declare that Mentor's products do not infringe those patents. These five rulings in Quickturn's favor have consistently upheld the validity of Quickturn's patents and have verified that Mentor's hardware emulation systems infringe Quickturn's patents. These Quickturn wins have included: (1) the August 1996 Temporary Exclusion Order issued by the ITC; (2) the August 1997 denial of Mentor's appeal of the ITC's Temporary exclusion order; (3) the August 1997 Permanent Exclusion Order issued by the ITC which precludes Mentor from importing infringing products and components until 2009; (4) the August 1997 Preliminary Injunction issued by the U.S. District Court (Oregon) which precludes Mentor from manufacturing or selling their infringing products in the United States; and (5) the September 1998 denial of Mentor's appeal of the District Court's preliminary injunction. Quickturn Design Systems, Inc. is the leading provider of verification products and time-to-market engineering (TtME/TM/) services for the design of complex ICs and electronic systems. The company's products are used worldwide by developers of high-performance computing, multimedia, graphics and communications systems. Quickturn is headquartered at 55 W. Trimble Road, San Jose, CA 95131-1013; Telephone: 408/914-6000. For more information, visit the Quickturn Web site at www.quickturn.com or send e-mail to info@quickturn.com. ### -----END PRIVACY-ENHANCED MESSAGE-----