Printer Friendly

ZYCAD ANNOUNCES SALE OF 25,000 SHARES OF SYNOPSYS COMMON STOCK

 FREMONT, Calif., May 24 /PRNewswire/ -- Phillips W. Smith, president and chief executive officer of Zycad Corp. (R)(NASDAQ-NMS: ZCAD), announced today that Zycad has sold 25,000 shares of its holdings of Synopsys Inc. (NASDAQ-NMS: SNPS) common stock and expects to report a gain of approximately $1,000,000 related to this transaction in its results for the second quarter ending June 30, 1993. Zycad now holds 25,000 shares of Synopsys Inc. common stock.
 Zycad Corp. is dedicated to providing solutions which help its customers solve complex design and system integration problems. These solutions increase product quality and engineering productivity, while decreasing product development cycles. Users gain a competitive advantage in terms of product quality and speed-to-market, which can translate to greater profitability. Zycad markets its solutions worldwide through direct and indirect sales channels.
 NOTE: Zycad Corp. is a registered trademark of Zycad Corp.
 -0- 5/24/93
 /CONTACT: Peter J. Cassidy, executive vice president, operations and chief financial officer of Zycad, 510-623-4400/
 (ZCAD SNPS)


CO: Zycad Corp.; Synopsys Inc. ST: California IN: CPR SU:

SG-TB -- SJ007 -- 1914 05/24/93 18:42 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 24, 1993
Words:185
Previous Article:SDG&E DECLARES DIVIDEND
Next Article:TOP COMPANIES CHOOSE WYSE PLATFORM FOR WINDOWS NT APPLICATION DEVELOPMENT
Topics:


Related Articles
ZYCAD ANNOUNCES THIRD QUARTER PROFIT FOR THE PERIOD ENDED SEPTEMBER 30, 1992
ZYCAD ANNOUNCES SALE OF 25,000 SHARES OF SYNOPSYS COMMON STOCK
ZYCAD ANNOUNCES EXPECTATION OF SECOND QUARTER LOSS AND WORK FORCE REDUCTION
ZYCAD MAKES MAJOR THRUST INTO RAPID PROTOTYPING AND EMULATION MARKETS; ACQUIRES INCA, LTD.
ZYCAD REPORTS FOURTH QUARTER PROFIT AND ANNUAL RESULTS FOR 1993
ZYCAD ANNOUNCES COMPLETION OF $3.1 MILLION SALE OF ITS COMMON STOCK
ZYCAD ANNOUNCES FIRST QUARTER 1994 PROFIT
Zycad Announces a Special Meeting of Stockholders to Approve an Increase in Authorized Shares
/C O R R E C T I O N -- Zycad/(Correction Notice)
/C O R R E C T I O N -- Zycad/(Correction Notice)

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters