Cadence Design Services Opens Wireless Design Center in Dallas; Expands Capability in North America.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--June 22, 2000

Cadence Design Systems, Inc. (NYSE:CDN), the world's leading supplier of electronic design products and services, announced today that the Cadence(R) Design Services Group has opened a new wireless design center in Dallas, Texas.

The Dallas Design Center will focus on projects encompassing cellular, voice, mobile telephony and other modes of wireless communication. With the addition of this facility, Cadence now has 26 design centers and more than 1,000 design engineers in 15 locations worldwide -- including six centers devoted to wireless design with over 400 wireless engineers.

"Our wireless design services business is growing very rapidly," said Brent Hudson, vice president and general manager of the Wireless and Multimedia Design Groups at Cadence. "The Dallas Design Center will significantly expand our capabilities in North America. However, we are also adding resources at our other wireless design centers throughout the world."

Initial project assignments at the new center will support an existing partnership program with Nokia Networks/Radio Access Systems (RAS). This program calls for Cadence to provide hardware, software, digital signal processing (DSP) and radio frequency (RF) design services for basestation products.

Dr. Jaime Tenedorio, director of the Wireless and Multimedia Design Groups at Cadence, will manage the Dallas Design Center, which will eventually house 100 design engineers. "Initially, we are recruiting RF engineers," said Tenedorio. "As we ramp up during the months ahead, we will add engineers in other specialty areas."

About the Cadence Design Services Group

In 1995, Cadence launched its Design Services Group, pioneering the movement toward independent design services organizations. Since then, the group has provided design services for customers that range from small start-ups to large multi-national corporations. Today, Cadence Design Services is the largest organization of its type in the world with more than 1000 design engineers and 26 design centers at 16 locations throughout the world. Of the 26 centers, six are devoted to wireless, two to multimedia, three to datacom/telecom, two to information appliances, one to embedded controls, six to digital IC, five to analog/MS IC and one to silicon technology.

About Cadence

Cadence is the largest supplier of software products, methodology services, and design services 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 5,000 employees and 1999 annual revenue of $1.1 billion, Cadence has sales offices, design centers, and research facilities around the world. The Company is headquartered in San Jose and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services may be obtained from the World Wide Web at http://www.cadence.com.

Note to Editors: Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. All others are properties of their holders.