CDN is great for long-term. They did great last quarter when things weren't so good in Asia. Imagine what would happen when Asia's economy recovers. Whether CDN wins the lawsuit against AVNT or not, the outcome will not affect CDN. AVNT has a very small market share compared to CDN. Read the earnings report. CDN's revenue for its layout tools increased 100% from the same quarter last year. They won the last lawsuit, stopping AVNT from selling one of its software. They will win the next one as well. It's hard to lose when AVNT's software contains similar errors and messages (same bad English) on its graphical interface. AVNT was caught red-handed. The software code was already examined by computer experts, and the code was proven to be copied from CDN. But the outcome of the case will not affect AVNT much neither.
CDN is always busy trying to acquire other smaller EDA companies and design centers. The management has done a great job in that area. Remember how CDN's stock price plunged when Joe Costello resigned? Has CDN's performance changed since Jack Harding took over? NO!!! It will continue to outperform SNPS and AVNT and everybody else.
For those who receive Fidelity's newsletter every month, CDN is listed as one of the most undervalued stocks with 5 star rating. The fair priced as listed is $56.40. Good luck.
We were heading for 40 in the last quarter before the results wee announced and that unusual charge of $0.37 per share, primarily associated with the write-off of in-process research and development expenses related to the acquisitions of Symbionics Group Limited and Excellent Design, Inc. came into the quarter.
No charges to muddy the water this quarter Just furthur proof that this company is on the right track and beating expectations and turning in record results again.
CDN long.........and longer again
Upgrades!! We should see 40 within the week
AND to quote cdn_fan "For those who receive Fidelity's newsletter every month, CDN is listed as one of the most undervalued stocks with 5 star rating. The fair priced as listed is $56.40. Good luck.