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Technology Stocks : Cadence Design Systems

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To: Bart Goemaere who wrote (295)	10/22/1998 7:44:00 PM
From: Rangu Ranganathan	Read Replies (1) of 668

There is heavy institutional ownership in this stock; at least it used to be; they are probably dumping now. You are right; there will be more pressure on the downside on this one for a little while; my guess is until end of Oct. This is when the mutual funds will stop selling, for their end of the fiscal year for tax reporting purposes is Oct. It probably will bounce back in Nov. Fundamentally the company is good for the long term. They are one of the two dominant players in Design Automation software & design services business. The other is Synopsys (SNPS), which would also do very well. Rangu

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