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Technology Stocks : Cadence Design Systems
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To: GuitarMan who wrote (341)4/13/1999 11:03:00 PM
From: Maverick   of 668
 
Last week, chip design software company
Cadence Design (CDN:NYSE) and Network
Associates said they restated previous earnings
and took on bigger future amortization charges.
Cadence restated 1998 results, cutting in-process
R&D charges to $194 million from $339 million, and
posted revised figures for the year. The company
earned $1.20 per share before amortization, up from
$1.18 as a result of lower one-time charges, and 14
cents per share including all charges and
amortization. A Cadence spokesman says the
company will continue to post both figures in the
future, but he encourages analysts to focus on the
preamortization figure, which he says provides a
better picture of the company's cash flow.
thestreet.com
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