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Russ Henke
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Russ Henke |
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3/2/2007 6:15 AM |
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Thoughts of interest to COFES and COFES attendees |
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October 30 Cadence News... |
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By Russ Henke on
10/30/2008 7:27 AM
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Further to the recent blog entry in this space on October 26, 2008, entitled, “Cadence Update…”, as well as to prior related blog entries, still another news item has appeared since:
On October 30, 2008 Dyer & Berens LLP announced that a class action has been commenced in the United States District Court for the Northern District of California on behalf of all purchasers of Cadence Design Systems, Inc. common stock during the period between April 23, 2008 and October 22, 2008.
The case is entitled Hu v. Cadence Design Systems, Inc., Michael J. Fister, William Porter and Kevin S. Palatnik.
The complaint charges Cadence and certain of its current and former officers with violations of the Securities Exchange Act of 1934.
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Interest Rates & Consumer Confidence... |
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By Russ Henke on
10/28/2008 10:34 AM
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Having failed so miserably to help the US economy by repeatedly cutting interest rates over the last year (the rate stood at 5.25% as late as the spring of 2007), the Federal Reserve is expected to try it once again – planning to cut its target interest rate on October 29, 2008 by another one-half a percentage point (down to 1 percent … recall the definition of insanity, etc., etc…). One percent is the level to which the Fed cut interest rates in 2003, still trying to recover from Bush 43’s first recession in 2001.
Notwithstanding the relative ineffectiveness of such interest rate reductions, the cuts nevertheless acutely hurt the segment of Americans who are on fixed incomes, and who for years may have frugally saved some money for retirement, only to see their already-meager interest income from their small nest eggs slashed once again.
Not surprisingly, falling US home prices, chronic US unemployment an ...
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Cadence Update... |
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By Russ Henke on
10/26/2008 8:10 AM
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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.”
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Cadence Woes Continue… |
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By Russ Henke on
10/23/2008 7:09 AM
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Over and above the Cadence troubles outlined in the blog entry in this space on October 19, 2008, called, “EDA Executives Pay the Price – and probably, so will many other employees”, the company announced still more problems yesterday when it postponed its promised final Q3 financial results.
On October 22, Cadence announced that “it is reviewing, in conjunction with the company’s independent accountants and legal advisors, the recognition of revenue related to customer contracts signed during the first quarter of 2008.” Apparently, some $24 million in revenue associated with those contracts was booked in the first quarter but should have been booked over the duration of the contracts starting in the second quarter. Should this prove to be the case, Cadence will have to restate both Q1 and Q2.
In postponing yesterday’s Q3 earnings announcement, the company reiterated its earlier Q3 guidance from July 23, 2008: the company expects Q3 revenue t ...
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EDA Executives Pay the Price – and probably, so will many other employees |
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By Russ Henke on
10/19/2008 4:21 PM
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The “goings on” in the Electronics Design Automation (EDA) industry have frequently appeared in blog entries here. The last entry appeared as recently as October 17, 2008, entitled, “Autodesk and ESCCAD”, which discussed the latest example of the unmistakable trend of merging Mechanical CAD and CAE with Electronic Design Automation. Prior to that article, a related entry appeared on October 10, 2008 called, “Mentor and Flomerics - Tighter EDA/MCAD Collaboration.” And before that an associated entry appeared on September 19, 2008, entitled, “More EDA and MCAD Collaboration.”
Other recent blog entries in this space commented on the possible deals between EDA vendors themselves. See for example the August 16, 2008 entry called, “The Big 3 EDA Vendors to remain the Big 3 – for now!”
It turns out that the central topic of that August 16 blog submission, which dealt with the failed attempt of Cadence to take over Mentor this summer, is directly connected to the
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Autodesk and ECSCAD |
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By Russ Henke on
10/17/2008 7:24 AM
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The unmistakable trend of merging Mechanical CAD and CAE with Electronic Design Automation has been frequently highlighted in multiple blog entries in this space. The most recent entry appeared on October 10, 2008 called, “Mentor and Flomerics - Tighter EDA/MCAD Collaboration.” An entry before that appeared on September 19, 2008, entitled, “More EDA and MCAD Collaboration.”
On October 15, 2008, Autodesk announced it had completed the acquisition of Elektro-CAE-Software GmbH (ECS), a provider of electrical computer-aided design (CAD) software from Mensch und Maschine Deutschland GmbH.
ECSCAD software is said to complement AutoCAD Electrical software, which is used to create schematic-based designs. Both product lines are built on the AutoCAD platform. Autodesk says it can now enhance functionality and performance for both ECSCAD and AutoCAD Electrical customers.
"The acquisition of the ECSCAD technology extends Autodesk's leadership in Dig ...
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Mentor and Flomerics - Tighter EDA/MCAD Collaboration |
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By Russ Henke on
10/10/2008 5:12 AM
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The unmistakable trend of merging mechanical CAD and CAE with Electronic Design Automation has been frequently highlighted in multiple blog entries in this space. The most recent entry appeared on September 19, 2008, entitled, “More EDA and MCAD Collaboration.”
On that date, the three-year cooperation between EDA vendor Mentor Graphics and MCAD vendor PTC was discussed, but in previous blog entries here, the pursuit of Flomerics by Mentor Graphics was described.
Today Mentor announced final completion of its acquisition of Flomerics Group PLC., a UK-based supplier of computational fluid dynamics analysis products.
Flomerics becomes the M ...
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Bright Spot |
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By Russ Henke on
9/20/2008 6:27 AM
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As our country drowns in its most severe financial crisis since the Great Depression, it’s easy to forget the dozens of other ills from which the nation is suffering, all brought on by government and corporate greed, incompetence, and deregulation, or a combination of all three.
Our crumbling infrastructure of dams, highways and bridges is one of those illnesses written about in previous blog entries in this space. For example, see the August 4, 2008 blog entry entitled, “Interstate 35-W Bridge Collapse -- One Year Later.”
However, one bright spot occurred this week in this sea of darkness. The new Interstate 35W bridge is finally open in Minneapolis, thirteen and a half months after the last one collapsed into the Mississippi River. Lest we forget, the August 1, 2007 bridge collapse killed 13 people and injured 145.
On September 18, 2008, hundreds of vehicles lined up on both sides, som ...
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More EDA and MCAD Collaboration |
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By Russ Henke on
9/19/2008 6:15 AM
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In a blog entry in this space on August 2, 2008, we reported that the acquisition of Electronic Design Automation (EDA) vendor ANSOFT by Mechanical Computer Aided Analysis (MCAE) vendor ANSYS had been fully realized.
The concluding paragraphs of that August 2nd blog entry read as follows:
“While the notion of offering combinations of mechanical and electronics software tools is not new (reference Applicon in the early 80’s and Mentor Graphics PCB Division in the early 90’s), the combination of ANSYS and ANSOFT may arguably give ANSYS one of the most comprehensive, independent engineering simulation software suites in today’s industry.
Look for other deals similar to this one to occur between MCAE/MCAD and EDA vendors going forward.”
Well, yesterday September 18, 2008, a fresh collaborative deal between EDA vendor Mentor Graphics and MCAD vendor Parametric Technology Corporation (PTC) was announce ...
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Poster Child |
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By Russ Henke on
9/18/2008 4:42 PM
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If an observer had to choose just one example among the dozens of disastrous ills affecting this nation’s ongoing financial crises, the poster child may well be the exorbitant pay that corporate executives accept from obliging boards of directors and hapless shareholders, including current salaries and golden parachutes, even when the executives' companies are performing horribly.
It may be worth your attention to read Nicholas Kristof’s Op-Ed piece published in the September 18, 2008 New York Times, “Need a Job? $17,000 an Hour. No Success Required."
If you missed it, click on:
http://www.nytimes.com/2008/09/18/opinion/18kristof.html?th&emc=th
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