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Cadence Design Systems' Management To Present At The JPMorgan Technology, Media And Telecom Conference Call (Transcript)

Cadence Design Systems, Inc. (CDNS)

JPMorgan Technology, Media and Telecom Conference

May 16, 2012 10:40 am ET

Executives

Geoff Ribar - SVP & CFO

Analysts

Sterling Auty - JPMorgan

Presentation

Sterling Auty - JPMorgan

Thanks everyone for joining us. My name is Sterling Auty Software Technology Analyst here at JPMorgan; very happy to have with us for another session Geoff Ribar who is the Chief Financial Officer of Cadence.

I am going to go ahead and turn the microphone over to Geoff just to give a brief introduction. I am going to start off with some questions to get us started and bringing the audience questions in very quickly.

With that Geoff?

Geoff Ribar

Hi everybody. So just to brief on Cadence; Cadence is one of the leading EDA companies. EDA companies for those of you don’t know, are unaware. The companies that help chip vendors to build their products; probably the most important part of their chain after their design conception is -- actually the software that we build, our competitors build to allow our customers to build their products.

Cadence has been around for quite a number of years; I think we have had a couple of major management change about three years ago where Lip-Bu Tan came in as CEO. Lip-Bu is vastly experienced in the semiconductors business and in the EDA business and I think over the past three years you’ve seen pretty material changes in the company’s performance, strategy, execution which I think is showing up in our financial results.

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