its clear now that Fister got the boot for revenue recognition violations....it's against the law , and he could go to jail for misleading investors. The board has no option but to fire him , but too late as the damage was already done - just Enron on a smaller scale. I doubt he will be getting another job any time soon.
I'm sure there will be a number of class action lawsuits as a result.
Look at Cadence's history... they re-reported financials several times, even before Fister got there. The one common element...PORTER!!!!!! This makes the 3rd significant restatement in 6 years? The board should be toast for allowing that