Cadence Appoints KPMG as Its Independent Auditor; Arthur Andersen Replaced.Business Editors SAN JOSE, Calif.--(BUSINESS WIRE)--March 25, 2002 Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Inc. (NYSE NYSE See: New York Stock Exchange :CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ), 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cadence Design Systems. About Cadence Cadence is the largest supplier of electronic design technologies, methodology services, and design services. Cadence(R) 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 New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. 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. |
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