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Cadence Design Systems Inc. Message Board

  • semicon20yearman semicon20yearman Jan 12, 2009 11:20 AM Flag

    What a Shame

    Cadence has a new CEO ... from the Valley. This means:

    We'll have to endure a long-winded article/message from the
    Valley's-own Peggy A., writer for EDA Cafe rag of rags.
    She'll
    list and drool over Lip-Bu Tan's credentials, over-state how
    wonderful it is to have a man of this caliber blah blah blah.
    Then there's the analysts opinions that will or already have
    been pouring-out about how great this should be for CDNS.
    Of course they'll say this ... they have no clue regarding
    this type of services/soft ware business, let alone the overall
    industry.

    In my humble opinion, Cadence is done. There has been an outcry
    from the investment community for the last 4+ years wanting
    this BOD banished from the board room for obvious reasons,
    and then THEY PUT ONE OF THEIR OWN IN THE CEO SEAT? Are you
    kidding me? Is it because this guy has a guilty conscience
    and feels the need to "clean things up"? Doubt it ... it's another "Silicon Valley MBA Mentality" move ... Fister
    was an engineer, but never incentivized to raise the stock
    price or build better products. He was just incentivized to
    line his own pockets along with the pockets of the executive
    team and BOD. Ray B. was a hotel manager/president ...

    Lip Bu Tan is a "money guy" ... invester ... which is why
    rumor has it they're looking at another big layoff, instead
    of investing in their products and customer satisfaction.

    Opportunity lost.

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CDNS
17.70+0.12(+0.68%)Sep 16 4:15 PMEDT

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