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

To: Sonki who wrote (171)	1/14/1998 10:40:00 AM
From: goro	Read Replies (1) \| Respond to of 668

I spoke to the company about 2 weeks ago, the VP of Finance communicated to me that Japan is "ok" for Cadence and also that business visibilty is strong. CDN stock has been weak due to Asian concerns and semiconductor industry slowdown. However, remember that Cadence sells tools(software) and services to the Tech industry, so it is diverse in its end markets served. So, re. timing? the valuation or P/E expansian is not likely due to top down concerns however CDN has strong earnings visibility which should allow for stock outperformance. And LT outlook is solid for CDN and the stock should hit at least 27 in 12mo.