Cadence Takes a Page Out of Microsoft’s Playbook

With the Microsoft-Yahoo! drama fresh on everyone’s mind, Mike Fister and the Cadence board have finally done something that shows a bit of boldness, some imagination, and possibly some courage. Cadence has made a hostile takeover bid for Mentor Graphics.

Cadence Languishes On

Cadence, (Nasdaq: CDNS) continued to be bothered with the woes of the EDA industry. Q1 results reported last week saw the quarter’s revenue drop by 21% annually and and 37% sequentially to $287 million. However, the revenue still beat market expectations of $285 million. EPS for Q1 met analyst expectation of $0.04, recording a fall

Read Full Article »

Cadence: Buyout Rumors Persist

I have regularly commented on the EDA industry and discussed specific companies in the past, including Cadence, Mentor, Magma, and Synopsys. Today I come back to look at Cadence again, and examine what has changed since. During the summer Cadence (CDNS) was rumored to be in buyout discussions with Blackstone and KKR, which I said

Read Full Article »

Is Cadence Growing at the Expense of Magma?

I have written extensively about the structural dysfuctions of the EDA industry in Future of EDA, Future of EDA: Addendum. The only two growth areas in the EDA market are Design for Manufacturability / Yield (DFM / DFY) and the pre-synthesis part of the flow that includes system-level design, hardware-software codesign, and prototyping. It turns

Read Full Article »