Business week has an article saying S&P has downgraded CDNS to sell from hold!
"... Cadence Design Systems (CDNS) posts $0.09 third quarter non-GAAP loss, vs. $0.33 EPS, on 42% revenue decline. Sees fourth quarter revenue of $215-$225 million and $0.04-$0.06 non-GAAP loss, 2008 revenue of $1.025-$1.035 billion and non-GAAP loss of $0.04-$0.06. S&P downgrades to sell from hold. Citigroup cuts estimates, target. ..."
"Naturally, the overall market trend is bound to be a significant factor, and in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry"