Why Didn’t Cadence Hold a Press Briefing on Acquisition?
Bet you think I’m going to complain about being left out? Hardly….
Cadence held a company-wide meeting last Friday (6/13) to inform its employees about Cadence’s latest attempt to acquire Mentor (offer at $16/share). Interestingly, none of the chief editors in the few remaining EDA publications received notification prior to today’s (6/17) wired release. The semiconductor press did receive a phone brief, as did the business folks. In fact, rumor has it that Credit Suisse and RBC Capital Markets have already favorably reviewed the acquisition. Not that the credit market leaders are known for making sound decisions.
I’m not surprised that the EDA press wasn’t informed about Cadence’s proposed acquisition. It may be that Cadence is trying to distance itself from the EDA community as a whole. Their lack of presence last week at DAC certainly supports this idea. Further, Cadence’s chief competitors are also moving beyond the EDA community. Both Synopsys and Mentor have been realigning their long-term goals with the broader semiconductor industry for some time, with Aart now on the board of Applied Materials and Wally leading the GSA. Still, it’s instructive to note how each of the major companies – Cadence, Synopsys and Mentor – decides how best to communicate (or not communicate) their movement beyond the world of only EDA tools. Very telling….