| UPDATE: Cadence Shake Up, CEO and Execs Resign |
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| Written by Kathy Nargi-Toth | |||
| Wednesday, 15 October 2008 08:41 | |||
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SAN JOSE, CA -- Cadence president, chief executive officer and director Michael Fister has resigned. The company also announced the resignation of Kevin Bushby, EVP - worldwide operations, James S. Miller, Jr., EVP - products and technologies organization, William Porter, EVP and CAO and R.L. Smith McKeithen, EVP corporate affairs.
Thomas Cooley, corporate vice president - field marketing will succeed Mr. Bushby. According to the board, the other open EVP positions will not be filled. The board, which agreed with the resignations, has formed an interim office of the chief executive, which includes interim executive chairman John Shoven, interim vice chairman Lip-Bu Tan, chief financial officer Kevin Palatnik and chief of staff of the interim office of the chief executive Charlie Huang. A search committee has been tasked with finding a permanent replacement for Fister. The company third quarter estimates have been projected to be in the range of $235 million to $245 million. The resulting third quarter net loss per share is estimated to be in the range of $0.27 to $0.25 on GAAP basis and in the range of $0.11 to $0.09 on non-GAAP basis.
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| Last Updated on Wednesday, 15 October 2008 17:06 |
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Ansoft Designer 6.0 Solver on Demand technology analyzes signal-integrity, power-integrity and electromagnetic interference problems from a single schematic- and layout-based environment. Can access field and circuit simulation tools while designing electronic packages and PCBs early in the design cycle. Integrates HFSS 3-D electromagnetic field simulation software and HSPICE IC simulation. Can predict how high-frequency electromagnetic components affect ICs. Provides user interface to HSPICE with direct links to HFSS and access to the ANSYS QuickEye and VerifEye convolution and statistical...
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