updated 2/3/2011 4:16:57 PM ET 2011-02-03T21:16:57

SAN JOSE, Calif., Feb. 3, 2011 (GLOBE NEWSWIRE) --

WHAT: Magma® Design Automation Inc. (Nasdaq:LAVA) will conduct a live webcast and conference call to review financial results for its fiscal 2011 third quarter, which ended Jan. 30, 2011.
WHEN: The webcast and conference call will be Thursday, Feb. 24, 2011, at 2 p.m. PST. Magma will release third-quarter financial results after NASDAQ trading closes on Feb. 24, 2011.
WHO: Rajeev Madhavan, chief executive officer; Roy E. Jewell, president and chief operating officer; and Peter S. Teshima, chief financial officer, will host the call.
WEBCAST: The live webcast will be available online at http://investor.magma-da.com/events.cfm. A replay of the webcast will be available on Magma's website through March 3, 2011.
PHONE: Listen to the live call by telephone at the numbers below:
  U.S. & Canada: (877) 303-3205
  Elsewhere: (678) 894-3026
  A telephone replay will be available beginning at 5 p.m. PST on Feb. 24, 2011 until 11:59 p.m. PST on March 3, 2011 at the numbers below:
  U.S. & Canada: (800) 642-1687, code #41698290
  Elsewhere: (706) 645-9291, code #41698290

About Magma

Magma's electronic design automation (EDA) software provides the "Fastest Path to Silicon"(TM) and enables the world's top chip companies to create high-performance integrated circuits (ICs) for cellular telephones, electronic games, WiFi, MP3 players, digital video, networking and other electronic applications. Magma products are used in IC implementation, analog/mixed-signal design, analysis, physical verification, circuit simulation and characterization. The company maintains headquarters in San Jose, Calif., and offices throughout North America, Europe, Japan, Asia and India. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Follow Magma on Twitter at www.Twitter.com/MagmaEDA and on Facebook at www.Facebook.com/Magma. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma is a registered trademark and "Fastest Path to Silicon" is a trademark of Magma Design Automation Inc.

CONTACT: Press Relations
         Monica Marmie
         Director, Corporate Marketing
         (408) 565-7689
         Investor Relations
         Milan G. Lazich
         Vice President, Corporate Marketing
         (408) 565-7706

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