News blog
Flomerics
- BY: Andrew Hore |
- POSTED: 28/05/2008 |
Flomerics has posted its defence document.
The electronics simulation software provider argues that the 104p a share bid from Mentor Graphics doesn’t reflect the true value of the business. The document includes the recently announced first quarter trading figures which show a move from loss to profit in the period.
The world electronic thermal management software market is expected to grow by 10% per year over the next five years. The company’s management believes this indicates the opportunity for Flomerics, whose software has more than 7,000 users.
The shares slipped 2p to 105.5p.
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