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Technology Stocks : Cadence Design Systems

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To: Ian@SI who wrote (483)8/15/1999 5:54:00 PM
From: Carl R.  Read Replies (2) of 668
 
Ian, don't get me wrong. I like this company at this price and recommend it. I don't recommend falling in love with the company, however, because of past disappointments and incidents involving re-pricing options. Their history is part of the reason that Wall Street has totally abandoned them right now. In my opinion it will take a year or so of walking the straight and narrow before they re-establish any respect on the street.

I know for me it will probably take more than that before I cease being somewhat cynical regarding management, but that doesn't keep me from taking advantage of a bargain. Heck I owned it from 22 to 30 earlier this year, so don't expect me to say that it's not worth $10.

Personally I think that because of the dominant market position and the low valuation, this company would be an ideal candidate for a takeover, but by whom?

Carl
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