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Technology Stocks : Cadence Design Systems

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To: arnie h who wrote (338)	4/5/1999 11:52:00 AM
From: Nevin S.	Read Replies (1) of 668

One of the points for the downward pressure on the stock price cited by Lehman was the sale of two large blocks around the 16th of March. One was 3.0 MM shares and the other was 7.97 MM shares. No further information was given on this subject. I don't have time to get into detail right now but the majority of Lehman's report was positive. I found this out on Briefing this morning. Looks like it may draw CDN into its sphere of influence. 11:03 ET Synopsy Inc (SNPS) 41 3/4 -11 5/16 (-21%): According to CNBC, a Needham & Co analyst is concerned that company will have difficulty making its quarter. Don't know what impact this will have but it appears from the full text that based on guidence from the SEC, CDN was restating earnings. I saw something recently where the SEC was getting tough on write offs of acquisition expenses from mergers. So this may be fallout from that new directive. Cadence Design Systems Inc. (CDN) 26 3/16: supplier of software products, consulting services, and design services to restate 1998 results in response to recent guidance from the SEC; see press release.....

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