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Weak Forecast Whacks Cadence
Updated from 4:59 p.m. EST
SAN FRANCISCO -- Shares of Cadence Design Systems(CDNS Quote)plunged in late trading after the company missed Wall Street's fourth-quarter revenue expectations and guided the Street lower for 2008.
The stock was off 21.1% to $11.96.
The San Jose, Calif. maker of semiconductor-design software had a top line of $457.9 million, up 6% from revenue of $431 million in the same quarter of the prior year. ...
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