Cadence Appoints KPMG as Its Independent Auditor
Arthur Andersen Replaced
SAN JOSE, Calif.--(BUSINESS WIRE)--March 25, 2002--Cadence Design
Systems, Inc. (NYSE:CDN - news), the world's leading supplier of electronic
design products and services, today announced that its Board of
Directors has appointed KPMG as its independent auditor for 2002,
replacing Arthur Andersen.
"Arthur Andersen has done excellent, professional work for Cadence
since 1988 and we have the utmost respect for the people with whom we
have worked," said Ray Bingham, president and CEO of Cadence Design
Systems.
About Cadence
Cadence is the largest supplier of electronic design technologies,
methodology services, and design services. Cadence® solutions are
used to accelerate and manage the design of semiconductors, computer
systems, networking and telecommunications equipment, consumer
electronics, and a variety of other electronics-based products. With
approximately 5,600 employees and 2001 revenues of approximately $1.4
billion, Cadence has sales offices, design centers, and research
facilities around the world. The company is headquartered in San Jose,
Calif., and traded on the New York Stock Exchange under the symbol
CDN. More information about the company, its products and services are
available at www.cadence.com.
Note to Editors: Cadence and the Cadence logo are registered
trademarks of Cadence Design Systems, Inc. All other trademarks are
the property of their respective owners.
Contact:
Cadence Design Systems, Inc.
Kevin Kimball, 408/944-7515
kkimball@cadence.com
