They’re clearing the decks at Cadence. CEO Mike Fister resigned Wednesday, along with four other senior executives, in the wake of mounting financial problems at the semiconductor company. Cadence (CDNS) offered little comment on the departures, which are effective immediately. Just that hollow “We wish them all continued success in the years ahead” typical of executive restructuring announcements. But it’s clear that the company’s leadership is paying the price for its deteriorating financial performance and the embarrassing failure of its bid to acquire rival Mentor Graphics (MENT). Said analyst Gary Smith, “Cadence is in trouble. I think they have really run out of time for a ’save-Cadence-as-it-is project.’ Now it’s a rebuilding project.”
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size. 11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
They’re clearing the decks at Cadence. CEO Mike Fister resigned Wednesday, along with four other senior executives, in the wake of mounting financial problems at the semiconductor company. Cadence (CDNS) offered little comment on the departures, which are effective immediately. Just that hollow “We wish them all continued success in the years ahead” typical of executive restructuring announcements. But it’s clear that the company’s leadership is paying the price for its deteriorating financial performance and the embarrassing failure of its bid to acquire rival Mentor Graphics (MENT). Said analyst Gary Smith, “Cadence is in trouble. I think they have really run out of time for a ’save-Cadence-as-it-is project.’ Now it’s a rebuilding project.”
