Cadence 'Stars & Strikes' Bowling Tournament Raises over $1.2 Million for Fisher House at Palo Alto VA Hospital; Proceeds to Build a ``Home Away From Home'' for Veterans' Families.

SAN JOSE, Calif. -- Cadence Design Systems, Inc. (NYSE:CDN) (Nasdaq:CDN) today announced that $1,279,000 was raised at its Stars & Strikes(R) bowling tournament Saturday, with the Fisher House Foundation and the San Francisco 49ers Foundation named as major beneficiaries.

Surpassing this year's goal of $1 million, the Cadence Stars and Strikes tournament has now raised a total of more than $ 7 million since the event's inception in 1990. Proceeds will be used to begin the construction of a 21 suite Fisher House, a "home away from home", for the families of veterans receiving treatment at the VA Hospital in Palo Alto, and to support the community outreach efforts of the San Francisco 49ers Foundation.

More than 220 Silicon Valley companies stepped up to the strike zone and supported Cadence's Stars & Strikes bowling tournament with Cadence once again underwriting event expenses. Corporate bowlers teamed up with 49er players and competed for bowling tournament trophies, followed by a live and silent auction of donated items, such as autographed sports memorabilia, vacation getaways and consumer electronics items. The tournament was held at AMF Oakridge Lanes, which donated the facility for the day's events.

"Having a Fisher House facility at the Palo Alto VA Hospital was a dream just a few short months ago," said Elizabeth Freeman, director of the VA Palo Alto Health Care System. "Now, we will break ground in a month and, by this time next year, the families of veterans will have a place to call home while their loved ones are patients at our facility. I am truly grateful for the generosity of the Cadence Stars & Strikes effort, the 49ers organization and the entire corporate community in Silicon Valley."

"The Fisher House becomes a reality thanks to the generous support of our customers, partners, vendors and even our competitors," said Cadence Executive Chairman Ray Bingham. "I am proud of our Stars and Strikes event, which has supported worthy organizations in our community since 1990. This year's recipients, the Palo Alto VA Hospital and the Fisher Foundation, will benefit the families of U.S. servicemen and women for many years to come. We are also pleased to be able to support the 49ers Foundation, which provides resources for many outstanding nonprofit organizations in our community."

"The Fisher House for our veterans is important for our community. The San Francisco 49ers and the 49ers Foundation are proud to have partnered with Cadence for this year's Stars & Strikes fund-raiser and to have contributed to its success, "said John York, owner of the 49ers, who was accompanied to the tournament by Head Coach Mike Nolan and several of the players.

Cadence Stars & Strikes is one of the largest community events of its kind in Silicon Valley. For over a decade, Cadence and its partners in business have come together as partners in the community to help major programs and projects that provide significant benefits to local nonprofit organizations and charities that serve those in need.

About Department of Veterans Affairs Hospital in Palo Alto

The VA Palo Alto Health Care System is a major primary, secondary, and tertiary care center with one of the VA's four traumatic brain injury units in the U.S., receiving referrals from the entire West Coast and as far away as Texas.

About the Fisher House

Fisher House Foundation is best known for the network of 32 comfort homes on the grounds of military and VA major medical centers. The houses are typically 5,000 to 8,000 square foot homes, with up to 11 suites, donated to the military and VA by the Fisher family of New York through Fisher House Foundation. The Foundation provides support to families of patients receiving care at a nearby medical center. For more information on the work of Fisher House Foundation, go to http://www.fisherhouse.org or call toll-free [phone].

About the 49ers Foundation

Established in 1991, the 49ers Foundation is dedicated to enhancing the educational, social and cultural needs of our community. The foundation offers unique resources and financial support to non-profit organizations working to enrich and strengthen communities throughout the greater San Francisco Bay Area.

About Cadence

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2004 revenues of approximately $1.2 billion, and has approximately 4,700 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

Cadence, the Cadence logo and Stars & Strikes are registered trademarks of Cadence Design Systems in the United States and other countries. All other trademarks are the property of their respective owners.