Mentor Graphics Corp (MENT) CEO Walden Rhines says his company offers investors an opportunity for exposure to technology with less volatility than is typically associated with the sector. He says semiconductor R&D, which drives Mentor Graphics’ business, has grown almost every year of semiconductor history.
“I’d say, in recent years anyway, like many software companies, it has been very rewarding for shareholders and generated a lot of cash,” Rhines says. “If you look over the last year, the whole EDA industry is up about 15% over the last year, and if you look over last five years, the EDA industry, and particularly Mentor, has done much better than the semiconductor industry.”
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Rhines says Mentor is up 160% over the last five years. Meanwhile, he says the semiconductor industry is up around 50%.
“The third thing I would point out is that there is an opportunity for a company like Mentor to repeat this whole industry evolution all over again by automating electronic design in cars, planes, and trains and other systems because they have not yet gone through the transition that the semiconductor industry went through over the last 30 years,” he says.
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