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The good news is Cadence will not lose as much money as they thought they would! Wouldn't be surprised to see a little positive action based on that.The bad news is...well, let's see if they are losing share to SNPS and MENT, because, if they are then the future looks problematic. My bet is on problematic.
MENT are making some goods moves - go look at the news of their acquisition and activities in embedded software today. more upsdie for them maybe?
Anyone notice they are getting dangerously close negative equity?Equity is down to ONLY 86mil from $187mil last quarter.Overall they have to stop more bleeding or they will be in real trouble very soon and I don't think 220 more cuts will do it.G4B