Cadence CEO sees design activity keeping pace

Dylan McGrath, EETimes
7/26/2012 1:08 AM EDT

SAN FRANCISCO—Cadence Design Systems Inc. President and CEO Lip-Bu Tan said Wednesday (July 25) he expects to see design activity remain at a good pace in the second half of the year, despite macroeconomic challenges.

Tan's comments came on a conference call with analysts following the company's second quarter financial report, where Cadence reported results that beat analysts' expectations. The company also raised its sales target for the year modestly.

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