UPDATE: Cadence Shake Up, CEO and Execs Resign Print E-mail
User Rating: / 0
PoorBest 
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.


blog comments powered by Disqus
Last Updated on Wednesday, 15 October 2008 17:06
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Features

Printing Screens Revisited
  Research continues on improving printed frontside silver conductor line efficiency.A simple Internet search will reveal the photovoltaic industry is working hard on higher aspect ratio frontside conductor grids as a route to greater solar cell efficiencies. This is because the conductors, typically screen-printed on a cell’s frontside, block sunlight from reaching the energy converting strata below, and the narrower they are, the less shadow they cast. However, as it is essential they...

Current Issue

March 2010 cover

Parts


Find and quote components




Powered by


Terms Of Use

Printed Circuit Design & Fab Magazine on Facebook