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Technology Stocks : Cadence Design Systems -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (520)	8/31/1999 2:16:00 PM
From: linda k	Read Replies (1) \| Respond to of 668

Reuters Story - August 31, 1999 11:26 NEW YORK, Aug 31 (Reuters) - BancBoston Robertson Stephens analysts Daniel Niles and Arnab Chanda on Tuesday raised the rating on Cadence Design Systems , which supplies software and professional services used in the design of semiconductors and network equipment, to a buy from a long-term attractive. -- "In our view, we are entering a period of strong growth for the EDA (electronic design automation) industry, driven by a transition to deep-sub-micron technologies," Niles and Chanda, wrote in a research report. -- The analysts also said they believe the semiconductor industry will experience a recovery over the next few years, which should improve the prospects for design tool spending by semiconductor companies. -- The analysts said they believe the stock could reach $20 in 12 months. -- "We could see upside in product revenues in the second half of 2000 and especially 2001, given the strong fundamental drivers of the EDA industry," they wrote in a research report. -- Shares of San Jose, Calif.-based Cadence Tuesday morning rose 1-1/2 to 13-5/8.