Tom
09-16-2003, 11:41 AM
By Michael Santarini
EE Times
September 15, 2003 (11:02 a.m. ET)
San Jose, Calif. - In the spring of 1999, Cadence Design Systems Inc. was in turmoil. The design automation leader was still smarting from its long, emotional court battle with Avanti over code theft. Its stock was sliding, and its CEO, Jack Harding, had fallen from favor.
The board tapped CFO Ray Bingham to replace Harding, betting Bingham's solid number-crunching skills would calm Wall Street fears and get the train back on track. "While Cadence has been very successful in many ways, from a broader corporate perspective we have some things to work on," Bingham said the day he was promoted.
He could say the same today. Read more.......
http://www.eet.com/issue/fp/OEG20030915S0023
EE Times
September 15, 2003 (11:02 a.m. ET)
San Jose, Calif. - In the spring of 1999, Cadence Design Systems Inc. was in turmoil. The design automation leader was still smarting from its long, emotional court battle with Avanti over code theft. Its stock was sliding, and its CEO, Jack Harding, had fallen from favor.
The board tapped CFO Ray Bingham to replace Harding, betting Bingham's solid number-crunching skills would calm Wall Street fears and get the train back on track. "While Cadence has been very successful in many ways, from a broader corporate perspective we have some things to work on," Bingham said the day he was promoted.
He could say the same today. Read more.......
http://www.eet.com/issue/fp/OEG20030915S0023