Is this board alive??? There used to be a fair amount of discussion on CDNS. Is it the yahoo user-unfriendliness or has the forum migrated on an other site?
cadence always wins, really?? the judge in the case dismissed the lawsuit with prejudice:
U.S. District Court
Northern District of California
NOTICE OF DISMISSAL
Berkeley DA and
DOES 1 - 25 inclusive
CASE NO. 4:13-cv-01539-YGR
It is hereby stipulated by and between plaintiff Cadence
and defendant Berkeley DA that pursuant to Federal Rules
of Civil Procedure rule 41(a)(1)(A)(ii), this action is
dismissed with prejudice.
add to that many of cadence's customers are #$%$ that cadence included 25 john does in the lawsuit, ie, cadence was going to try to find 25 customers to sue as well. overall i would say the lawsuit against BDA was bad for PR.
cadence is no longer the 800lb gorilla it once was in the EDA world. while they are doing better, they have a long way to go to dig out of the disaster that Fister and his cronies unleashed on the company.
The P/B may be at 3.7 but their technology is out of this world. A reason why their P/B is so high could be the fact all the law suits they have had with competitors. However, in the end Cadence always wins. Their technology is used everywhere from security to entertainment. Other companies alike try to steel their technology but Cadence is so on top of their production, they will not lose. This is an outstanding stock with tons of potential. I'm in for the long run.
Sentiment: Strong Buy
This company has done nothing for their shareholders since 1994 just look at the long term plot. Not a shareholder friendly company. No dividend and no growth since the 1994 to 1998 run. They need new management.
Don't hold your breath re. a reversal when this thing has a 14% short of the float. The HFT people are having a field day with this thing today, but don't try and get any info. from Cadence Investor Relations because they don't have a clue as to what's going on.
Actually, Shortie is anticipating just such a sell off and he has oversold Cadense. We may stay in this range for a week or two, but I expect a rapid climb by/after Thanksgiving.
Or maybe they want to buy a lot of shares at $12 and sold the calls in an effort to reduce their cost basis assuming they get the shares?