10/26/2008 8:10 AM
Further to the recent blog entry in this space on October 23, 2008, entitled, “Cadence Woes Continue…”
, as well as to prior related blog entries, two more news items have appeared since:
1. Cadence shares dropped to $2.70 each in after hours trading on Friday October 24, 2008, further reducing Cadence’s market cap to just north of $700 million (Mentor Graphics’ market cap stands at $642 million, and Synopsys' is at $2.33 billion).
2. A law firm called Finkelstein Thompson LLP
(Washington, DC & San Francisco) announced it “was investigating Cadence Design Systems following the announcement that Cadence was indefinitely delaying its third-quarter earnings report and expected to restate its financial reports for the first half of 2008.”