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$4.74 -0.24 (-4.82%)
10/10/2008 4:00 PM

Cadence Design Systems, Inc. (CDNS)

CAPS Rating:
**

Licenses electronic design automation software, sells or leases hardware technology and intellectual property and provides design and methodology services throughout the world to help manage and accelerate electronic product development processes.

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Avatar PhillyDan (< 20) Submitted: 6/24/08 4:25 PM : Underperform Start Price: $10.65 CDNS Score: 22.68

Cadence is one of those companies that can't get out of it's own way. Their bid for Mentor Graphics was clumsy and ill-timed plus they offered too little to appeal to MG shareholder's. Magma is a much stronger up and coming player in the ASIC arena. Cadence wanted Mentor Graphics for their Electronic Board Level design tools that are far better than what Cadence offers therefore they should have offered at least 3 to 5 dollars more to buy MG. Cadence's stock price will continue to muddle along and will underperform the S&P 500 in the next two years.

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