A friend just sent me the news link that Carl Icahn is making a bid to control Mentor Graphics with a 6.9% equity position in MENT stock. Of course that news helped boost the share price of Mentor Graphics.
What Mr. Icahn is often able to do is take over a company, place his people on the Board of Directors, then start shedding jobs or merging the company.
If this attempt succeeds then it is likely we will be saying farewell to Wally Rhines and other executives at Mentor Graphics. To me that would be a shame because Wally is one of the few EDA executives that understands the software business and the semiconductor business equally well. Our industry wouldn’t quite be the same without Mr Rhines at the helm of Mentor Graphics.