AllThingsD » Mike Fister http://allthingsd.com Sat, 26 May 2012 14:31:31 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Cadence Leadership Released Into Wild http://allthingsd.com/20081016/cadence-leadership-released-into-wild/ http://allthingsd.com/20081016/cadence-leadership-released-into-wild/#comments Thu, 16 Oct 2008 12:50:42 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=6862 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. Cadence (CDNS) offered little comment on the departures, which are effective immediately. Just that hollow “We wish them all continued success in the years ahead” typical of executive restructuring announcements. But it’s clear that the company’s leadership is paying the price for its deteriorating financial performance and the embarrassing failure of its bid to acquire rival Mentor Graphics (MENT). Said analyst Gary Smith, “Cadence is in trouble. I think they have really run out of time for a ‘save-Cadence-as-it-is project.’ Now it’s a rebuilding project.”

]]> http://allthingsd.com/20081016/cadence-leadership-released-into-wild/feed/ 0 Cadence Plunges on Reduced Outlook, New Rev Model http://allthingsd.com/20080723/cadence-plunges-on-reduced-outlook-new-rev-model/ http://allthingsd.com/20080723/cadence-plunges-on-reduced-outlook-new-rev-model/#comments Wed, 23 Jul 2008 22:28:03 +0000 Eric Savitz http://voices.allthingsd.com/?p=2075 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 the third quarter and all of 2008.

For its second quarter, the electronic design automation software company posted revenue of $329 million and non-GAAP profits of 14 cents a share, compared with Street expectations of $316.2 million and 14 cents. In a statement, CEO Mike Fister said that while the company hit its numbers, “it was more difficult than we planned.”

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