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Technology Stocks : Cadence Design Systems

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To: Sonki who wrote (290)	10/20/1998 4:37:00 PM
From: kendall harmon	Read Replies (1) of 668

Earnings are just out, and an initial read through indicates that CDN is trying to turn a corner. they came in at 29/share versus 30/share expectations but against 24/share last year. the key is going forward in which case things look better. There was profit taking after about noon today in anticipation of this announcement, so now it will be interesting to see what occurs going forward. The chart indicates a nice double bottom.

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