Cadence to Partner With Nokia for the Design of Nokia Basestation Products.Business Editors & High-tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--March 22, 2000 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, announced today that it will partner with Nokia Networks/Radio Access Systems (RAS (1) See network access server. (2) (Remote Access Service) A Windows NT/2000 Server feature that allows remote users access to the network from their Windows laptops or desktops via modem. See RRAS and network access server. ), to provide design services for basestation products. This agreement follows a successful design services engagement with Nokia on basestation products. The new partnership will cover additional basestation product development. While Cadence(R) has a long-standing record of providing hardware, software, digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). (DSP), and radio frequency (RF) design services to the telecommunications market, this cooperation with Nokia marks a significant milestone in the progression of its design services business. "This relationship with Nokia, which has already resulted in orders in excess of $10 million, clearly demonstrates that Cadence is delivering design excellence to the exacting standards of leading edge products," said Bob Wiederhold, senior vice president of Cadence's design services organization. "By working closely with Nokia, we can ensure that our resources complement its needs going forward." "It is very important that we partner with design service providers," said Sakari Nikkanen, vice president of GSM and TDMA programs for Nokia Radio Access Systems division. "Nokia has developed world-class design processes to ensure product excellence and it is necessary that we align with companies that meet this same standard. Given the global nature of Nokia's business and the increasing complexity of product development, it is vital that we engage with organizations that have worldwide expertise and capacity to meet our requirements." 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 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 may be obtained from the World Wide Web at http://www.cadence.com. About Nokia Nokia is paving the way to the mobile information society with its innovative products and solutions. Nokia is the leading mobile phone supplier and a leading supplier of mobile, broadband and IP networks, related services as well as multimedia terminals. In 1999, net sales totaled EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 19.8 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 19.9 billion). Headquartered in Finland, Nokia is listed on the New York (NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), Helsinki, Stockholm, London, Frankfurt and Paris Stock Exchanges and employs more than 55,000 people. Note to Editors: Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. All others trademarks are properties of their owners. |
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