Cadence Leadership Released Into Wild

They’re clearing the decks at Cadence. CEO Mike Fister resigned Wednesday, along with four other senior executives, in the wake of mounting financial problems at the semiconductor company.

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Cadence Plunges on Reduced Outlook, New Rev Model

Cadence Design Systems (CDNS) shares have fallen steeply in after hours trading after the company announced a change in the way it does business that resulted in much lower than expected guidance for both Q3 and all of 2008.