How come the consensus was .20/share?
to think I had this loaded to sell at 15.125 and
16.60. Boy am I pissed and I talked to IR today.
Pitty the jerk at Cowen with the reiterate buy? Not!!
Who was he talking to, the janitor?
board ain't going to happen Sina when 80-90% of
is owned by institutions. It would be
great if we could exert
that kind of pressure but
when we are such a distinct minority
wouldn't give us the time of day. Furthermore this
is an inherent part of the problem since they have
very little over the last 2 years to correct the
which the stock is suffering. That's why I
mentioned the only
thing which will get their attention
is class action shareholder
Any CDN investor with access to Schwab's premium
content should check out the "AM call" by Credit Suisse
First Boston dated 7:35am Tues, i.e. the morning BEFORE
the earnings came out.
It just showed up at
Schwab, with a 3-day delay (I guess the delay is part of
Schwab's deal with CSFB?)
It gives an amazingly
accurate preview of the quarterly results and the
management story. In fact, I wonder, way too damn accurate?
If I had seen this alert on Tuesday when it was
issued, I would have sold immediately and made a lot of
I have to think that some analysts got tipped off.
This preview was just too accurate to be a guess.
Its not just about development - its more about
getting customers to switch. New tools have to be a lot
better before a customer will switch, and there really
aren't that many new innovations
from the startups
being fielded, only marketeering thus far.
huge challenge for the startups is hiring and building
a salesforce. Its really hard to find good sales
people right now in EDA. And once you find them, they
won't stick around if the product isn't altogether.
Look what happened to Magma - they are all but dead
Plus with the new accounting rule changes on
aquisition write-offs, there is a lesser chance of a startup
being acquired, meaning the incentive to start a
company has lessened.
All this bodes well for the
bigger players. So if the Magmas and Montereys of the
world don't have a SIGNIFICANTLY better product or are
just competitive with the status quo, their future
will not be bright. CDN, AVNT and SNPS will continue
to reign since they have all the pieces. MENT is
questionable for many reasons.
Yes, totally agree with you
advancement/improvement of Software Engineering
lately, it's now so
easy for people to build CAD tools,
that why so
many new names have popped out lately such
as Magma, Monteray, Silison Perspective,
I think it's going to be a touch
time for EDA industry
to make good earning because
of competition; tt may be
even worse than
Wake up CDN management. Address SE, PDP usability
broadcast the news to industry. Make
better use of Ambit. Hit
Synopsys and Avanti all at
the same time. Speed up your fixes.
Don't keep sleeping on your technical problems,
marketing problems. You need some fu?king momentum.
CDN is a very attractive stock (long term). If
all you doomsayers predictions are right and it drops
to 7 or so, I know I'll buy and buy a lot. In my
opinion Jack killed CDN by inflating the earnings/growth
so he would win big, with no thought to long term
effects. I don't have much faith in the current CDN "big
boys" but I'll judge them by the result. The loss now
is to bring the company back on course... a
necessary correction to the "corrupt" previous practices.
All of you would do well to mark my words and sit
tight or buy.