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Cadence Update...
Location: BlogsRuss Henke    
Posted by: Russ Henke 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.”
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