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To: PMylnar who wrote (1316)	10/31/1997 10:23:00 AM
From: tonto	Read Replies (2) \| Respond to of 3441

CDN signs $100,000,000 contract. Looks like it will survive without Costello. Friday October 31 8:25 AM EST Company Press Release Cadence Lands $100 Million Services Contract Largest Deal Ever For Cadence Focuses On System-On-A-Chip Design SAN JOSE, Calif., Oct. 31 /PRNewswire/ -- Cadence Design Systems, Inc. (NYSE:CDN) today announced it has signed and begun work on its largest contract ever, a multi-year agreement potentially worth in excess of $100 million, to provide design services, professional consulting, and electronic design automation (EDA) technology to a global electronics leader. Cadence and its customer will issue a joint announcement outlining the details of the agreement later in the fourth quarter, and Cadence began work on the first phases of the project this week. The company will leverage Cadence's renowned expertise in advanced chip design technology and methodologies to re-engineer its product development efforts for the requirements of system-on-a-chip design. Cadence will be the change agent to transform and refine the company's design processes, by providing ''system to silicon'' design services, methodologies, processes, tools, and training to leverage and extend its capability to design leading- edge silicon devices. ''This contract gives us tremendous momentum as we close out 1997 and look ahead to next year. It validates our services model and gives us a strong foundation to build on,'' said Jack Harding, president and CEO of Cadence. ''This company's vision and open-mindedness about how Cadence could bring value to its corporate business objectives is a model for how we view successful high technology companies will work in the future.'' About Cadence Cadence Design Systems, Inc. provides comprehensive services and technology for the product development requirements of the world's leading electronics companies. Cadence is the largest supplier of software tools and professional services used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronic-based products. With more than 3,500 employees and 1996 annual sales of $742 million, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif. and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services may be obtained from the World Wide Web at cadence.com. Cadence is a registered trademark of Cadence Design Systems, Inc. The Cadence logo is a trademark of Cadence Design Systems, Inc. All others are properties of their holders. SOURCE Cadence Design Systems, Inc. (NOTE: CDN AND ITS CUSTOMER WILL ISSUE A RELEASE TOGETHER LATER ON)