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

To: GuitarMan who wrote (341)	4/5/1999 8:33:00 PM
From: arnie h	Read Replies (1) \| Respond to of 668

Mark and Nevin: Thanks for the comments. Obviously, the restating of earnings, as worked out with the SEC and announced today, represents the kind of bad news that lowers stock prices, usually dramatically. The question of quality of earnings has surrounded CDN for some time and is no doubt responsible for some if not all of the selling the stock has endured. Yet, there were no downgrades today and 4 major houses reiterated buys recently in the face of what apparently others knew was coming. My guess is the bad news is out and the stock will hold from here. The other matter that has surrounded this company for some time has to do with repricing options. The argument is made that companies that reprice options after the price has gone down want to keep their superior performers. To me, it's hard to make that case. I'm not sure somebody who requires 'flexible' options based on today's price is the kind that makes decisions that are good for the enterprise. That kind of a person usually does better in the world of politics where all decisions are made strictly for the individual making them. I would hope, Cadence can see it's way clear to end this insidious practice and wind up with management personnel more willing to accept the normal risks of business. Regards, Arnie H

To: GuitarMan who wrote (341)	4/13/1999 11:03:00 PM
From: Maverick	Respond to of 668

Last week, chip design software company Cadence Design (CDN:NYSE) and Network Associates said they restated previous earnings and took on bigger future amortization charges. Cadence restated 1998 results, cutting in-process R&D charges to $194 million from $339 million, and posted revised figures for the year. The company earned $1.20 per share before amortization, up from $1.18 as a result of lower one-time charges, and 14 cents per share including all charges and amortization. A Cadence spokesman says the company will continue to post both figures in the future, but he encourages analysts to focus on the preamortization figure, which he says provides a better picture of the company's cash flow. thestreet.com

To: GuitarMan who wrote (341)	4/20/1999 6:36:00 PM
From: Jay Walker	Read Replies (1) \| Respond to of 668

You ain't kidding, earnings are out, warning of slower growth in 99. Cadence Design Systems Inc. (CDN) 20 13/16 -3/16: supplier of software products, consulting services, and design services posts a Q1 operating net of $0.31 a share, a penny better than the First Call mean, vs year-ago nil; revenue increased 13% to $305 mln; however, company expects revenue and earnings growth to be slower for the remainder of 1999; see press release This puppy is headed to $15 tomorrow !!