» Cadence Eats Humble Pie EDA Thoughts: From an EDA marketing insider

Posted in August 15th, 2008

I had to laugh out loud when I read the press release where Cadence blames Mentor for their own failed bid.

Even more laughable was Mentor’s feigned “shock” at Cadence withdrawing their hostile bid. I’m 100% certain that there is joy and partying going on at Mentor in Wilsonville as I type these words.

I blogged earlier that this deal wasn’t going to happen and the Cadence was going to blame weak finances.

I still predict that Michael Fister will be ousted or soon leave Cadence to “pursue other interests”.

4 users commented in " Cadence Eats Humble Pie "

9patch said,

in August 15th, 2008 at 6:38 pm

Break out the champagne!

Daniel said,

in August 17th, 2008 at 9:43 pm

I visited communities.mentor.com and there was a clear party atmosphere after Cadence stopped the hostile bid.

Cisk4me said,

in October 17th, 2008 at 5:31 am

Nice prediction. Do you predict Cooley will be offered the job as a clear break with the Fister years?

Daniel said,

in October 17th, 2008 at 12:54 pm

Cooley loves consulting and blogging, so he will stay put for the time.

Cadence was clearly shocked at the quickness of the resignation, otherwise they would’ve had their internal replacement ready to go on the same day.

Having a committee run the company is another poor decision because companies need a single CEO to provide clarity and leadership.

Cadence needs to seriously reconsider the total compensation package for all of their executives because they have been paying at least 3-8X what Synopsys, Mentor or Magma are paying for the same job description.