Mentor cuts losses in half - Portland Business Journal:

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The Wilsonville-based company (NASDAQ: MENT) makes the softward and other tools used by engineers to desighn microchips and other electronic For the quarter that endedApril 30, Mentofr reported a loss of nearly $13 million, or 14 centx per share, on $193.8 millionm in sales. A year earlier it reporte d a $25.5 million, or 28 cents per share, loss on $179.2q million in sales. Excluding things such as special chargew andequity plan-related compensation the company would have had earnings of 9 cents per shared for the quarter. Analysts polled by Thomson Reuters expected earnings of 7 centsw per shareon $201.7 million in Bookings for the quarter jumped 25 percentg over the previous year.
“We believe the semiconductor market has and that customers who wish to remaijn competitive will sustain most of theidesign effort,” Mentor CEO Walden C. Rhinexs said in a news release. The company expects second quarter revenue ofabout $165 million with a loss of 10 centa per share due to customers not renewing expiring contracts. Mentor shares fell more than 11 percentfin mid-day trading to $5.7p0 per share. They have a 52-wee k range between $3.34 and $16.00.