% | $
Quotes you view appear here for quick access.

Cadence Design Systems Inc. Message Board

  • pcn99 pcn99 May 18, 1998 8:53 PM Flag

    Avant Supreme Court

    SAN JOSE, Calif., May 18 /PRNewswire/ -- The
    United States Supreme Court today rejected Avant

    Corporation's appeal of a Ninth Circuit Court of Appeals'
    decision under which Avant is enjoined from
    sales of its ArcCell product line and any other
    products containing code copied from Cadence.
    had asked the Supreme Court to allow it to continue
    selling its products even though they were
    found to
    contain code copied from Cadence. The Supreme Court
    rejected Avant's position without
    comment. The Supreme
    Court's rejection of Avant's appeal means that the Ninth
    Circuit's injunction
    order is now final.

    Ninth Circuit decision upheld by the Supreme Court also
    directed the District Court to consider
    additional arguments to enjoin Avant's Aquarius product
    line. Cadence's request that the
    District Court
    consider additional grounds to enjoin Aquarius, based on
    problems with Avant's "clean
    room" process, remains
    pending before the District Court.

    The District
    Court also has invited Cadence to submit additional
    evidence demonstrating that Avant's
    Aquarius products
    contain code that is substantially similar to Cadence's
    code. Cadence plans to
    submit such evidence shortly
    in conjunction with a new motion to enjoin

    "We are pleased that our position has been
    vindicated at every level, including by the highest court
    the land. We look forward to proceeding to trial
    as soon as possible," said Jack Harding, president
    CEO of Cadence.

    About Cadence

    Cadence Design Systems, Inc. (NYSE: CDN)provides
    comprehensive services and technology for the
    development requirements of the world's leading electronics
    companies. Cadence is the largest
    supplier of software
    tools, consulting services and design services used to
    accelerate and manage the
    design of semiconductors,
    computer systems, networking and telecommunications
    consumer electronics and a variety of other
    electronic-based products. With more than 4,000
    employees and
    1997 annual sales of $916 million, Cadence has sales
    offices, design centers and
    research facilities around
    the world. The company is headquartered in San Jose,
    Calif. and traded on the
    New York Stock Exchange
    under the symbol CDN. More information about the
    company, its products
    and services may be obtained
    from the World Wide Web at

    NOTE: Cadence is a registered trademark, and the
    Cadence logo is a trademark of Cadence Design

    Systems, Inc. All others are properties of their

    SOURCE Cadence Design Systems, Inc.

    CONTACT: Mike Sottak of Cadence Design Systems, Inc.,
    408-428-5036, or

23.78-0.84(-3.41%)Jun 24 4:00 PMEDT