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ZYCAD ANNOUNCES PRELIMINARY FOURTH QUARTER REVENUE ESTIMATES AND RESTRUCTURING ACTIONS

 FREMONT, Calif., Jan. 13 /PRNewswire/ -- Phillips W. Smith, president and chief executive officer of Zycad Corp.(R) (NASDAQ: ZCAD), announced today that the company expects to report fourth quarter revenue in the $10 to $11 million range. These revenues are less than originally expected, due to late quarter cancellation of design projects combined with certain large customer transactions shifting to 1993. Smith also stated that the company will reduce its work-force by approximately 15 percent. This action is taken as a result of the impact of general economic conditions on the company's business over the last few quarters. The combination of the revenue shortfall and the restructuring costs will produce a loss for the quarter and for the full year.
 Zycad Corp. provides solutions that increase product quality and engineering productivity, while shortening product development cycles. Zycad acceleration and service customers design electronic products ranging from single ASICs (Application Specific Integrated Circuits) to complex electronic systems. The Product Division, in Fremont, is the leader in design, development and marketing of logic and fault simulation acceleration products. Protocol(TM), the Services Division in Mt. Olive, N.J., was the first independent group to provide engineering and consulting services to the EDA marketplace. Zycad has offices worldwide and is traded on the OTC under the symbol ZCAD.
 -0- 1/13/93
 /CONTACT: Peter J. Cassidy, executive vice president, operations and chief financial officer of Zycad, 510-623-4400/
 (ZCAD)


CO: Zycad Corp. ST: California IN: CPR SU: ERP

GT-SG -- SJ005 -- 4510 01/13/93 15:02 EST
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Publication:PR Newswire
Date:Jan 13, 1993
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