| UPDATE: Cadence Shake Up, CEO and Execs Resign |
 |
 |
| Written by Kathy Nargi-Toth | |||
| Wednesday, 15 October 2008 08:41 | |||
|
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.
|
|||
| Last Updated on Wednesday, 15 October 2008 17:06 |
Design News
- PCB WEST 2010 Registration up 72%
- DfE Planning Can Save Millions
- Icahn Increases Mentor Stake to 15%
- CST to Host EMC System Design Webinars
- Mentor Narrows Q2 Loss on Higher Sales
- DKN Unveils Ultra-Thin Connectors for High-Density Flex Substrates
- Gore White Paper Discusses Cable System Selection
- Camstar Says License Revenue Strong
- Cadence Returns to Profitability in Q2
- NI Reports Stellar Q2; Record Year Forecast
Market News
- August Production Sees Strong Growth
- New US Export Control System Rules to Come Tuesday
- Semi Sales Up 37% YoY in August
- US GAO Report Spurs EPA Action on Electronics Recycling
- Rising Semi Inventories Not Cause for Concern
- Mistake Caused Lower Parts Outlook, ECA Says
- Semi Gear Demand Spikes in July
- EPA Head Singles Out E-Waste For Elimination
- Analyst: Has PCB Market Peaked?
- July Marks One Year of Continued Manufacturing Growth
Fab News
- BBG Makes Inc. 5000 List for the 4th Straight Time
- ChungHong to Raise Nearly $7M in Funds
- Nan Ya's Q3 Sales Up 5%
- Foxconn Q2 Profits Up 11%
- N.American PWB Orders Up 34%
- Cicor PCB Division Posts 27% H1 Revenue Increase
- Schweizer's H1 Sales Up 80% YoY
- 3CEMS Eyes Revenue Jump, Public Listing
- Agfa Says Higher PCB Film Demand
- Porat to Succeed Amit as Camtek CEO
Products
Sensor Products Introduces Tactilus Heat-Sink Analysis System
Tactilus heat-sink analysis system enables test and correction of surface contact and pressure distribution between the heat sink and its source. Can visualize actual contact forces and pressure distribution data on the components. As mounting screws between the CPU and the heat sink are torqued, it maps and measures the changing pressure distribution between the mating surfaces and displays it. Can be tested, manipulated, and repositioned in real-time. Provides pressure data needed for FEA simulation predictions. Is 0.015" thick; can be placed between the CPU and heat sink without affecting...
Tactilus heat-sink analysis system enables test and correction of surface contact and pressure distribution between the heat sink and its source. Can visualize actual contact forces and pressure distribution data on the components. As mounting screws between the CPU and the heat sink are torqued, it maps and measures the changing pressure distribution between the mating surfaces and displays it. Can be tested, manipulated, and repositioned in real-time. Provides pressure data needed for FEA simulation predictions. Is 0.015" thick; can be placed between the CPU and heat sink without affecting...
Sponsor Links
Need PCB prototypes fast?
Sunstone Circuits takes the pain out of prototyping! We are dedicated to making the online ordering of PCB prototypes simple, fast, and easy from quote to delivery. Quick access to our 24/7/365 customer service team and easy online order tracking takes the pain out of sourcing prototypes online.
Put us to the test - order Sunstone Circuits today!
Search
Search
Login
CB Login
Language
Language
Features
EMS’ Rude Awakening
Can high-mix, low-volume production succeed in China? You bet. In the 1970s, if you set up a contract manufacturing shop in a good location, customers eventually would walk through the doors. In the real world, things quickly changed for American companies, as OEMs, driven by maximizing shareholder value, searched for cheaper sources offshore. The first options were Hong Kong, Malaysia and Singapore. After prices increased in these countries, greener pastures were found in China....
Can high-mix, low-volume production succeed in China? You bet. In the 1970s, if you set up a contract manufacturing shop in a good location, customers eventually would walk through the doors. In the real world, things quickly changed for American companies, as OEMs, driven by maximizing shareholder value, searched for cheaper sources offshore. The first options were Hong Kong, Malaysia and Singapore. After prices increased in these countries, greener pastures were found in China....
Current Issue
Parts
Printed Circuit Design & Fab Magazine on Facebook