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

To: Ian@SI who wrote (543)	9/16/1999 9:26:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 668

Possibilities for the next 1 to 2 years as long as you accept that CDN as the industry leader will regain favour with the street... Seems that we could expect somewhere between $26 and $43. Or about $35 which is more than double today's close with the high end of the range being triple today's close. +++++++++ Date Broker Comment 8/27/99 Deutsche Banc Alex Brown reiterates marketperform, lowering 3Q99 product revenue estimate from $85 million to $75 million 7/21/99 Deutsche Banc Alex Brown reiterates market perform, reported weak 2Q, revenues of $264.2 million and EPS of $0.08 7/21/99 Hambrecht & Quist reiterates marketperform, reports disappointing quarter, EPS of $0.08 on $284 million in revenue versus our $0.20 estimate on $300 million in revenue 7/21/99 Merrill Lynch reiterates 3-1, lowered estimate 7/19/99 SG Cowen reiterates buy, still a solid value for long term investors, looking for quarter EPS of $0.19 on 7/20/99 6/18/99 Hambrecht & Quist reiterates market perform, believe they will report in line June quarter with revenues of $300 million and EPS of $0.20 6/16/99 SG Cowen reiterates buy, acquires OCAD, sensible deal to begin consolidating PCB market 6/15/99 SG Cowen reiterates buy, analyst meeting focus on set of next generation products which are just starting to rollout 6/10/99 Goldman Sachs initiate coverage with a marketperform, $1.05 for 1999, 2000 estimates $1.35 5/13/99 First Boston reiterates hold, lowered estimates on Management guidance, looking for catalyst to turn positive on stock 5/10/99 Everen Securities reiterates 2-1 rating, acquires Quick Turn Tech(QHTN) 5/7/99 SG Cowen reiterates buy, adjusting model to accelerate chance of back log, build in 2Q/3Q 4/21/99 BB Robertson Steph Downgrades Rating to Long-Term Attractive 4/20/99 Everen Securities reiterates 1-1, expecting $.30 on $370 million in revenues remain neutral on acquisition of Quickturn, EPS $1.39 99, 00 $1.62 4/6/99 S & P Market Scope reiterates buy after restates 1998 results 3/25/99 Lehman reiterates strong buy, making break for daylight, target $39 3/16/99 Everen Securities reiterates 1-1 rating, 1999 EPS $1.37, 2000 estimates $1.65 3/15/99 Merrill Lynch reiterates 2-1 rating 3/8/99 Goldman Sachs reiterates recommended list buy, $1.45 for 1999, building product backlog 2/24/99 Salomon Smith Barney reiterates buy-high risk, 1Q on track, target $43 2/1/99 Merrill Lynch initiate coverage with a 2-1 rating, target $37 1/27/99 Lehman reiterates strong buy, inexpensive stock, improving outlook 1/27/99 Salomon Smith Barney reiterates buy-high risk, 4Q slightly ahead of expectations 1/26/99 Lehman reiterates strong buy, 4Q reports after close, target $39 1/15/99 Salomon Smith Barney reiterates buy-high risk, 1999 the year it all comes together, raised target to $43 1/6/99 Lehman initiate coverage with a strong buy, target $39 12/14/98 First Boston reiterates hold, 12 month target $26 12/10/98 Morgan Stanley Dean Witter initiate coverage with an outperform 11/19/98 Salomon Smith Barney initiate coverage with a buy-high risk, target $36 11/13/98 Hambrecht & Quist reiterates buy, safe way to play semi conductor industry 10/21/98 First Boston reiterates strong buy, target $39