Maybe not.... the restatement forced CDNS to tell the world exactly what the contract positions looks like. They don't have a lot of new renewals for at least 2 more years....2009 should be bleak. No Private equity firm is going to wait around and bet on a turnaround plan with no sitting CEO in place. CDNS will use up free cash faster than you might think.
On the bright side, MENT could acquire these guys cheaply and then toss the board!