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Technology Stocks : Cadence Design Systems
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To: al who wrote (34)2/19/1997 7:12:00 PM
From: BOV   of 668
 
I don't know if it affected the stock price, I'd tend to believe it wasn't that big of a deal. I think some people initially questioned the amount of money CDN paid for CCTI, as it was trading at a high P/E multiple. And there may have been some fear of stock dilution. However, CCTI is a fast growing company with great technology. I've talked to four independent people from 4 different companies who have been extremely positive on the CCT chip-routing tools (they also have a PCB router that is very successful). Anyway, the CCTI technology (coupled with the HLDS design planning technology) will be very crucial for designing million-gate plus chips in .35 micron and below process technologies. With this technology, Cadence is well-positioned for the future ... all they need to do is execute. If they do, the stock price should take care of itself. Although the need for this technology exists today (and the demand is really strong), my guess is that it may take some time to fully develop and roll out this technology and design methodology to the general market. So, from a revenue impact standpoint, the real big gains may take a little time to come to fruition. In addition to product sales, this technology should also greatly help grow the Cadence services business.
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