NSDA Nassda Corp (MM)

Nassda Comments On State Litigation Developments SANTA CLARA, Calif., June 14 /PRNewswire-FirstCall/ -- Nassda Corp. (NASDAQ:NSDA) today commented on the rulings and orders recently issued in California state court by the discovery referee with respect to its litigation with Synopsys, Inc. As Nassda reported in January 2003 and September 2003, the discovery referee previously issued orders that created certain "rebuttable presumptions" in favor of Synopsys. On June 11, 2004, the discovery referee vacated the orders creating the rebuttable presumptions but issued orders against Nassda and the individual defendants in a manner that is favorable to Synopsys and not favorable to Nassda and the individual defendants. These orders limit Nassda's defenses regarding the timing and the development of the initial HSIM source code and the evidence that Nassda and the remaining individual defendants can present at trial. For purposes of trial, among other things, the orders established as facts that: (i) the first 60,000 lines of source code of HSIM and all ideas and concepts reflected therein, to the extent they were not publicly known, were derived from Synopsys' source code or other Synopsys' materials while the individual defendants were employed by Synopsys and (ii) Nassda and the individual defendants acted in concert to intentionally alter, destroy, lose or misplace items requested in discovery and conceal evidence. These orders also struck the answer of one individual defendant, Jeh-Fu Tuan. The discovery referee denied Synopsys' request to strike the answers of Nassda and the remaining individual defendants. The discovery referee granted in part and denied in part Nassda's request to preclude Synopsys from revising and broadening substantially its alleged trade secrets that are the subject of the litigation. The discovery referee also ordered Synopsys to provide discovery to Nassda on certain of the alleged trade secrets. "There have been many preliminary rulings in this case, and we expect many more as the current discovery process continues," said Dr. Sang Wang, Chief Executive Officer. "Some of the rulings are favorable to us and others are not. None of these rulings, however, resolves any of the claims made by Synopsys against Nassda and the trial judge or jury will reach their own conclusions based upon the evidence presented at trial. We disagree with the discovery referee's orders and we intend to continue to defend ourselves vigorously. "Over 250 companies and organizations world wide have adopted Nassda's new-generation nanometer solutions," continued Dr. Wang. "The difference our customers see in the performance and capabilities of our products is due to our own innovative development. We will continue to focus on further product innovation and customer support." Nassda will post copies of the discovery referee's orders discussed in this press release on the investor relations portion of its web site to the extent permissible under court order. About Nassda Nassda Corporation is a leading provider of full-chip circuit verification software for complex nanometer semiconductors. Headquartered in Santa Clara, California, the company develops and markets simulation and analysis solutions for advanced ICs, especially for analog, mixed signal, memory, system-on-chip and high performance digital designs. Nassda's products enable first silicon success, and improve product quality and production yield for its consumer, communication, computer, and memory customers. The company has sales and distribution offices throughout the world. For more information about Nassda, please visit the company's website at http://www.nassda.com/. Forward Looking Statements This press release contains forward-looking statements regarding the outcome of the litigation between Nassda and Synopsys that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally preceded by words that imply a future state, such as "expects" or "anticipates," or that imply that a particular future event or events will occur, such as "will," "remain," "may," or the negative of these terms. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty, including without limitation, the outcome of pending and future motions and other court proceedings, as well as the results of any trial or appeal. These risks, uncertainties and other factors may cause the outcome of any motion, proceeding or case to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements are only predictions and the actual events or results may differ materially. Nassda cannot provide any assurance that its future results will meet expectations. In addition, historical information should not be considered a predictor of future performance. Neither Nassda nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. Nassda disclaims any obligation to update information contained in any forward-looking statement. For additional information and considerations regarding the risks faced by Nassda, see its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission. NOTE: Nassda and HSIM are registered trademarks of Nassda Corporation. DATASOURCE: Nassda Corporation CONTACT: Tammy Shu Hua Liu, Chief Financial Officer of Nassda Corporation, +1-408-327-7710, or Web site: http://www.nassda.com/

Copyright