Mentor Graphics Reports Fiscal First Quarter Results

Impact of Accounting Change on the Unaudited Consolidated Statement of Operations:

				Impact of accounting change for:
	As Originally			French Research							As
Three months ended April 30, 2008	Reported			Credit				FSP APB 14-1			Adjusted

Gross margin	$	145,345		$	-			$	-		$	145,345

Operating expenses:
Research and development		65,497			(1,115	)			-			64,382
Marketing and selling		76,648			-				-			76,648
General and administration		23,061			-				-			23,061
Other general income, net		(164	)		-				-			(164	)
Amortization of intangible assets		2,433			-				-			2,433
Special charges		9,650			-				-			9,650
Total operating expenses		177,125			(1,115	)			-			176,010

Operating loss		(31,780	)		1,115				-			(30,665	)
Other income, net		2,375			-		-		-			2,375
Interest expense		(4,162	)		-				(593	)		(4,755	)
Loss before income tax		(33,567	)		1,115				(593	)		(33,045	)
Income tax benefit		(6,079	)		(1,470	)			-			(7,549	)
Net loss	$	(27,488	)	$	2,585			$	(593	)	$	(25,496	)

Basic and diluted net loss per share	$	(0.30	)	$	0.03			$	(0.01	)	$	(0.28	)

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