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Strategies & Market Trends : Roger's 1998 Short Picks
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To: GuitarMan who wrote (18080)4/20/1999 10:14:00 PM
From: GuitarMan  Read Replies (2) of 18691
 
CDN Problems....

Cadence Design sees slower 99 revs, earns
SAN JOSE, Calif., April 20 (Reuters) - Cadence Design Systems Inc. said Tuesday that it expects revenue and earnings growth to slow for the rest of 1999 and that growth rate for services revenues will be hampered by an emphasis on accepting higher margin engagements.

A spokesman was unavailable to comment Tuesday.

''I am pleased with the progress we've made in addressing our margin issues, but there is more to be done with respect to our top line growth,'' Chief Executive Jack Harding said in a statement.

''We are aggressively marketing a product portfolio that underscores our total design capability for managing the transition to 0.18 micron and systems on a chip. We will continue to focus on our services margin goals, building backlog visibility, and exploiting future growth opportunities that leverage our enormous depth and breadth of software and electronics expertise.''

Harding said the company's new electronics infusion business is expected to significantly expand the market opportunity for Cadence's electronics consulting services.

Cadence broke ground in this area during the first quarter by launching the Electronics Infusion group, and by establishing a strategic alliance with the Ingersoll-Rand Company, an industrial product supplier.

The Electronics Infusion group provides strategic consulting to industrial and consumer companies who can benefit from incorporating more electronics capabilities into their products and services.

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