Cadence Design Systems Inc.

Cadence promotes three to exec leadership team

EE Times (Free subscription) | yesterday

EDA vendor Cadence Design Systems Inc., which saw its leadership team gutted in October with the resignations of five top executives, has promoted three people to executive management positions in R&D, worldwide sales, field operations.

• Cadence Design Systems, Inc.: Cadence Announces Appointments of R&D and Worldwide Field Operations Leaders - Market Wire - Electronics and Semiconductors: Optical Components
• Cadence Design Systems, Inc.: Cadence Announces Appointments of R&D and Worldwide Field Operations Leaders - Market Wire - Electronics and Semiconductors: Micro-electronics and Nanotechnology

Embattled Cadence laying off 625 people

The Portland Business Journal (Free subscription) | 11/05/2008

Cadence Design Systems Inc., which made an unsuccessful bid for Mentor Graphics Corp. earlier this year, is laying off 625 full-time employees out of 5,200 worldwide. (CDNS) (MENT)

Updated: Cadence cuts 625 jobs

EE Times (Free subscription) | 11/05/2008

Cadence Design Systems Inc. said it will lay off 625 full-time workers, or 12 percent of its global workforce, in an effort to cut operating costs.

Cadence to cut 625 jobs, save $150M yearly

bizjournals (Free subscription) | 11/05/2008

Cadence Design Systems Inc. said Wednesday it will cut at least 625 jobs -- or 12 percent of its work force -- in a restructuring and cost-cutting move. (CDNS)

• Cadence cuts 625 jobs - EE Times
• Cadence Design to cut 625 jobs, or 12% of workforce - Market Watch

Cadence will restate earlier revenue

The Portland Business Journal (Free subscription) | 10/23/2008

Cadence Design Systems Inc. said Wednesday it would postpone reporting third-quarter results while it reviews how it recognized revenue on contracts the company signed with customers during the first quarter of this year. (CDNS) (MENT)

• Cadence delays earnings, to review its accounting - Market Watch
• Cadence delays 3Q financial report - EE Times

Cadence postpones third-quarter results to review accounting

Market Watch (Free subscription) | 10/23/2008

SAN FRANCISCO (MarketWatch) -- Cadence Design Systems Inc. said late Wednesday that it is postponing the release of its third-quarter earnings to review accounting of its first-quarter revenue. Cadence said about $24 million that was placed in third-quarter revenue was recognized in first quarter of 2008. The company expects third-quarter revenue of $235 million to $245 million, and a loss of 25 cents...

• Cadence delays 3Q financial report - EE Times
• Cadence Design to Restate Earnings - The Street
• See the 5 articles on the same subject

Cadence reviewing recognition of $24M in revenue, will restate financials

bizjournals (Free subscription) | 10/22/2008

Cadence Design Systems Inc. said Wednesday it's reviewing the recognition of revenue related to customer contracts signed during the first quarter. (CDNS)

Cadence CTO blasts critics

EE Times (Free subscription) | 10/17/2008

Responding to harsh criticism touched off by the departure of senior executives, the chief technology officer of Cadence Design Systems Inc. dismissed calls to reduce the EDA company's size.

Cadence CEO resigns in exec suite upheaval

The Portland Business Journal (Free subscription) | 10/15/2008

Mike Fister, CEO of Cadence Design Systems Inc., has resigned from his job, along with four other vice presidents. (CDNS) (MENT)

Michael Fister the acquisition machine resigns, a Cadence cry

CEOWORLD Magazine (Free subscription) | 10/15/2008

Software company Cadence Design Systems Inc. slid in pre-market trading, after the company’s president and Chief Executive Michael Fister resigned. Wheer as company said it created an interim office led by three senior executives to run Cadence until a successor is named. The stock was down 30 cents around 9:15 am ET, slipping to $5.00. If [...]

Cadence Design CEO resigns

Market Watch (Free subscription) | 10/15/2008

WASHINGTON (MarketWatch) -- Cadence Design Systems Inc. Chief Executive Michael Fister resigned Wednesday in the wake of mounting financial problems at the semiconductor company.

Cadence CEO, four other executives resign

bizjournals (Free subscription) | 10/15/2008

Cadence Design Systems Inc. said Wednesday that Michael Fister resigned as president, chief executive and a director of the company. (CDNS)

• Cadence Board of Directors Creates Interim Office of the Chief Executive; Michael Fister Resigns - PR News Wire

Cadence Design's chief executive resigns

Market Watch (Free subscription) | 10/15/2008

NEW YORK (MarketWatch) -- Cadence Design Systems Inc. said Wednesday that Michael Fister has resigned as president, chief executive officer and director, in mutual agreement with the board. The San Jose, Calif.-based software company said its board formed an interim office of the chief executive, which includes Interim Executive Chairman John Shoven, Interim Vice Chairman Lip-Bu Tan, Chief Financial...

After Cadence's Failed Pursuit, Mentor Shows Sparks

Seeking Alpha China (Free subscription) | 08/21/2008

Tech Confidential submits: Chip design software developer Mentor Graphics Corp. (MENT) shares gained back a little ground Wednesday following news last week that larger rival Cadence Design Systems Inc. (CDNS) dropped its pursuit of the company, thanks to a better than expected outlook for 2008. The company announced a second-quarter loss of $17.2 million on revenue of $182.4 million. It also said...

After Cadence's failed pursuit, Mentor shows a spark

Tech Confidential Blog (Free subscription) | 08/20/2008

Chip design software developer Mentor Graphics Corp. [MENT] shares gained back a little ground Wednesday following news last week that larger rival Cadence Design Systems Inc. [CDNS] dropped its...