+ Earnings in line with estimates.
growth is healthy (unlike CDN)
+ No "cautious"
comments from mgmt.
+ PE still quite reasonable
Avg analyst recommendation is 1.42 vs Cadence's
+ At least 3 Upgrades last week
+ Market cap is
higher than Cadence's for the first time
+ $685M in
the bank (vs CDN.s $200M)
Q2 is always the
best quarter for Synopsys. And this year was no
different. SNPS has the momentum now. It has proven that it
not a "one trick pony." Cadence always stole the
spotlight in the past (thanks to Joe C.) but things are
changing now. Cadence has an uphill task of remaking
itself (and digesting poorly thought out acquistions
like Ambit and Quickturn). Synopsys on the other hand
has a shot at being number one in the EDA
Right now SNPS is the only player in the EDA market
which is not hurting.
Predictions (not rumors)
+ CDN's Harding will be ousted (Joe
C. returns?? maybe)
+ SNPS will make a sizable
acquistion this year
+ Avant! will continue to gain on
CDN but suffer legal setbacks
+ SNPS hits $70 by
Yep, you guessed right, I'm a CDN
holder and I'm betting Cadence will bounce up next week
at your continued expense, any
Hey Fish, not to rub your gills in it, but I forgot
to mention... remember, I "took" you up on this bet.
CDN is going down, dude. Get
out and buy SNPS before you completely lose your
(under)shirt too! <snicker>
Synopsis sees internet pushing chip demand.
Synopsis inc. the No.2 developer of electronic-design
automation sofeware, is benifiting from demand fo
Internet-related computer chips as well as from
telecommunications, said chairman Aart de Geus.
that's doing the best is the internet, more importantly,
the backbone underneath it," he said. "That's
the chops that make it possible." Synopsis is winning
from leading makers of networking
chips, headed by Intel Corp., the world's largest chip
maker; Seimens AG,Motorola Inc,NEC Corp
Oyj, deGues told the bloomber forum. Engineers at
those companies order software from Mountain View,
based Synopsis to design and troubleshoot new
semiconductors before they are produced, which saves time and
software packages are priced from
$50,000 to $150,000,de geus said."There virtually no
complex chip today that's not designed
develement tools," said de Geus, 44, an electrical
engineer who founded the company, a spinoff of General
Electric Co.'s advanced computer-aided engineering group.
During the period Synopis aquired two smaller companies
as well as technology to broaden its software
portfolio. The company has more than $685 million available
to make more aquistions."It gives us a lot of
freedom," de Geus said. Synopsis will"most
buy other technologies or companies before the end of
the fiscal year, he said, though he wasn't secific.
The company alsohas benefited from a three year joint
IBM Corp., the No.1 computer maker
that's also one of the biggest
makers and users of
chips."We've developed a whole slew of new
really put Synopsis into the broader market
electronic-design automation," de Geus said. Demand has been
for the latest product, ChipArchitect, introduced in
The company also sees"opportunities"in turmoil at its
larger rival, Cadence Design Systems Inc., de Geus said.
Chairman Jack Harding resigned last week
after the company forecast lower revenue and earnings
RIGHT ON...what a show today!!
This baby has
been under accumulation...a nice slow steady up move,
but today was a "biggie"! Look for some "backing and
filling"...but I see it at 60 in two or three months!
Man if you think 1 or $2 up/down per day is a
sign of volatility, you don't wanna watch stocks like
AOL, YHOO or even CSCO!...
13 daytraders can
make SNPS go up/down 0.2% according to your
observation. Big deal! Synopsys is more than 90% owned by big
institution (unlike AOL, YHOO, CSCO).