Cadence Reports Solid Third Quarter Results
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Cadence Reports Solid Third Quarter Results

SAN JOSE, Calif.—(BUSINESS WIRE)—Oct. 20, 2004— Cadence Design Systems, Inc. (NYSE: CDN) (Nasdaq: CDN) today announced total revenue for the third quarter of 2004 of $302 million compared to $269 million in the same period last year. On a GAAP basis, Cadence recognized net income of $20 million, or $0.07 per share in the third quarter of 2004, compared to a net loss of $14 million, or $0.05 per share in the same period last year.

In addition to using GAAP results in evaluating Cadence's business, management also believes it is useful to measure results using a non-GAAP measure of net income (loss), which excludes, as applicable, amortization of intangible assets and deferred stock compensation, in-process research and development charges, integration and other acquisition-related expenses, restructuring charges and equity in losses (income) from investments. Non-GAAP net income (loss) is adjusted by the amount of additional taxes or tax benefit that the company would accrue if it used non-GAAP results instead of GAAP results to calculate the company's tax liability. See "GAAP to non-GAAP Reconciliation" below for further information on our non-GAAP measure. Using this non-GAAP measure, earnings in the third quarter were $52 million, or $0.19 per share, on a fully diluted basis as compared to $34 million, or $0.12 per share, on a fully diluted basis, in the same period last year.

"Cadence once again executed to plan, delivering consistent performance in an environment that remains challenging," said Michael J. Fister, Cadence President and CEO. "By partnering with our customers to help them tackle their biggest design challenges, we continue to gain traction with our world-class technology."

Business Highlights of Q3 2004

Cadence continued its advance in the digital IC design space. Cadence(R) Encounter(TM) 4.1, introduced last quarter, has been adopted by more than half the company's digital customers. AMI Semiconductor chose Encounter over a competitor's offerings because of the ease of integrating digital and analog design through a common database. NEC Electronics agreed to adopt Encounter 4.1 and the Cadence Virtuoso(R) custom design platform.

The Cadence Palladium(R) accelerator/emulator, an integral component in the Incisive(TM) functional verification platform, has replaced competitors' offerings at a number of companies, including ATI and Broadcom.

"Our customers are increasingly receptive to the technology and customer-centric philosophy Cadence brings to the table," Fister said. "Our successes this past quarter have been driven by our broad product mix, deep partnerships and an outstanding global employee base passionate about customer success."

The following statements are based on current expectations. These statements are forward looking, and actual results may differ materially. These statements do not include the impact of any mergers, acquisitions or other business combinations that may be completed after October 20, 2004.

Business Outlook

In August 2003, Cadence issued $420 million of senior notes convertible into common stock. Subsequent to the issuance of the notes the Emerging Issues Task Force (or EITF) reached a consensus on Issue No. 04-08 "Accounting Issues Related to Certain Features of Contingently Convertible Debt and the Effect on Diluted Earnings per Share." This consensus, which is expected to be effective during the fourth quarter of 2004, will require Cadence to include in the calculation of its fully diluted earnings per share an additional 26.8 million shares of its common stock. Therefore, earnings per share on a fully diluted basis as presented in this Outlook include the expected impact of EITF 04-08.

For the fourth quarter of 2004, the company expects total revenue in the range of $335 million to $345 million. Fourth quarter GAAP earnings per fully diluted share are expected to be in the range of $0.16 to $0.18, including a $0.02 reduction for the impact of EITF 04-08. Diluted earnings per share using our non-GAAP measure defined below are expected to be in the range of $0.24 to $0.26, including a $0.03 reduction for the impact of EITF 04-08.

For the full year 2004, the company expects total revenue in the range of $1.190 billion to $1.200 billion. On a GAAP basis, we expect net income per fully diluted share for fiscal 2004 in the range of $0.21 to $0.23, including a $0.02 reduction for the impact of EITF 04-08. Using our non-GAAP measure defined below, we expect fully diluted earnings per share for fiscal 2004 to be in the range of $0.63 to $0.65, including a $0.07 reduction for the impact of EITF 04-08.

A schedule showing a reconciliation of the business outlook from GAAP net income (loss) and diluted net income (loss) per share to our non-GAAP net income and diluted net income per share, as well as a reconciliation showing the effect of EITF 04-08, is included with this release.

Audio Webcast Scheduled

Cadence Design Systems, Inc.'s H. Raymond Bingham, Executive Chairman of the Board, Michael J. Fister, President and Chief Executive Officer, and William Porter, Chief Financial Officer, will host a third quarter Financial Results audio webcast today, October 20, 2004, at 2:00 p.m. (Pacific) / 5:00 p.m. (Eastern). Attendees are asked to register at the website at least 10 minutes prior to the scheduled webcast. An archive of the webcast will be available starting October 20, 2004 at 5:00 p.m. Pacific time and ending at 5:00 p.m. Pacific time on October 27, 2004. Webcast access is available at www.cadence.com/company/investor_relations.

About Cadence

Cadence is the world's largest supplier of electronic design technologies and engineering services. Cadence products and services are used to accelerate and manage the design of semiconductors, computer systems, networking equipment, telecommunications equipment, consumer electronics, and other electronics-based products. With approximately 4,850 employees and 2003 revenues of approximately $1.1 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif., and trades on both the New York Stock Exchange and the NASDAQ National Market under the symbol CDN. More information is available at www.cadence.com.

Cadence, the Cadence logo, Virtuoso and Palladium are registered trademarks, and Encounter and Incisive are trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

The statements contained above regarding the company's third quarter 2004 results, those contained in the Business Outlook section above and the statements by Michael J. Fister include forward looking statements based on current expectations or beliefs, as well as a number of preliminary assumptions about future events that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Readers are cautioned not to put undue reliance on these forward looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties and other factors, many of which are outside Cadence's control, including, among others: Cadence's ability to compete successfully in the design automation product and the commercial electronic design and methodology services industries; the mix of products and services sold and the timing of significant orders for its products; economic uncertainty; fluctuations in rates of exchange between the U.S. dollar and the currencies of other countries in which Cadence does business; and the acquisition of other companies or the failure to successfully integrate those it acquires.

For a detailed discussion of these and other cautionary statements, please refer to the company's filings with the Securities and Exchange Commission. These include the company's Annual Report on Form 10-K for the year ended January 3, 2004 and Quarterly Report on Form 10-Q for the quarter ended July 3, 2004.

GAAP to non-GAAP Reconciliation

Cadence management evaluates and makes operating decisions using various operating measures. These measures are generally based on the revenues of its product, maintenance and services business operations and certain costs of those operations, such as cost of revenues, research and development, sales and marketing and general and administrative expenses. One such measure is non-GAAP net income (loss), which is a non-GAAP financial measure under Section 101 of Regulation G under the Securities Exchange Act of 1934, as amended. This measure consists of GAAP net income (loss) excluding, as applicable, amortization of intangible assets and deferred stock compensation, in-process research and development charges, integration and other acquisition-related expenses, restructuring charges (severance and benefits, excess facilities and asset-related restructuring charges) and equity in losses (income) from investments. Intangible assets consist primarily of purchased technology, backlog, patents, trademarks, distribution rights, customer contracts and related relationships and non-compete agreements. Non-GAAP net income (loss) is adjusted by the amount of additional taxes or tax benefit that the company would accrue if it used non-GAAP results instead of GAAP results to calculate the company's tax liability.

Management believes it is useful in measuring Cadence's operations to exclude amortization of intangibles, deferred stock compensation, in-process research and development and acquisition-related expenses because these costs are primarily fixed at the time of an acquisition and generally cannot be changed by management in the short term. Management believes that it also is useful to exclude restructuring costs. Cadence has dramatically reduced the size of its design services business and portions of its product and maintenance businesses over the past three years. As a result, in 2001, 2002 and 2003, Cadence's GAAP statements of operations have included significant charges relating to such restructurings. Cadence believes that in measuring its operations it is useful to exclude such restructuring costs because the company's level of restructuring activities is expected to significantly decrease in the foreseeable future. Management also believes it is useful to exclude the equity in losses (income) from investments and investment write-downs, as these costs are not part of the company's direct cost of operations. Rather, these are non-operating costs that are included in other income (expense) and are part of the company's investment activities.

Management believes that non-GAAP net income (loss) provides useful supplemental information to management and investors regarding the performance of the company's business operations and facilitates comparisons to our historical operating results. Management also uses this information internally for forecasting and budgeting. Non-GAAP financial measures should not be considered as a substitute for measures of financial performance prepared in accordance with GAAP. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures contained within this press release with their most directly comparable GAAP financial results.

The following table reconciles the specific items excluded from GAAP in the calculation of non-GAAP net income for the periods shown below:

Statement of Operations Reconciliation                Quarter Ended
                                                  -------------------
                                                             Restated
                                                   Oct. 2,   Sept. 27,
                                                    2004       2003
                                                  --------   --------
(in thousands)
Net income (loss) on a GAAP basis                 $ 19,631   $(14,456)
     Amortization of intangible assets              26,660     27,790
     Amortization of deferred stock compensation     5,772     11,626
     Legal settlements                                   -    (14,500)
     Restructuring charges                           1,036     62,874
     In-process research and development charges     2,000      2,000
     Integration and other acquisition-related
      expenses                                         694          -
     Equity in losses from investments               4,912      1,641
     Tax effect                                     (9,194)   (43,277)
                                                  --------   --------
Net income on a non-GAAP basis                    $ 51,511   $ 33,698
                                                  ========   ========


Statement of Operations Reconciliation per Share      Quarter Ended
                                                  -------------------
                                                             Restated
                                                   Oct. 2,   Sept. 27,
                                                    2004        2003
                                                  --------   --------
(in thousands, except per share data)

Diluted net income (loss) per share on a 
 GAAP basis                                       $   0.07   $  (0.05)
     Amortization of intangible assets                0.10       0.10
     Amortization of deferred stock compensation      0.02       0.04
     Legal settlements                                   -      (0.05)
     Restructuring charges                               -       0.23
     In-process research and development charges      0.01       0.01
     Integration and other acquisition-related
      expenses                                           -          -
     Equity in losses from investments                0.02       0.01
     Tax effect                                      (0.03)     (0.17)
                                                  --------   --------
Diluted net income per share on a non-GAAP 
 basis                                            $   0.19   $   0.12
                                                  ========   ========

Shares used in calculation of net (loss) 
 - GAAP                                            274,877    266,755
Shares used in calculation of net income - 
 non-GAAP(A)                                       274,877    274,889

(A) Shares used in the calculation of GAAP earnings per share are
expected to be the same as shares used in the calculation of non-GAAP
earnings per share except when the company reports a GAAP loss and
non-GAAP income, or GAAP income and a non-GAAP loss.



Investors are encouraged to look at GAAP results as the best measure of financial performance. For example, amortization of intangibles or amortization of deferred stock compensation or in-process technology are important to consider because they may represent initial expenditures that under GAAP are reported across future fiscal periods. Likewise, deferred stock compensation expense is an obligation of the company that should be considered. Restructuring charges can be triggered by acquisitions or product adjustments as well as overall company performance within a given business environment. All of these metrics are important to financial performance generally.

Though Cadence management finds its non-GAAP measure useful in evaluating the performance of Cadence's business, its reliance on this measure is limited because items excluded from such measures often have a material effect on Cadence's earnings and earnings per share calculated in accordance with GAAP. Therefore, Cadence management typically uses its non-GAAP earnings and earnings per share measures in conjunction with GAAP earnings and earnings per share measures, to address these limitations.

Cadence believes that presenting its non-GAAP measure of earnings and earnings per share provides investors with an additional tool for evaluating the performance of the company's business, which management uses in its own evaluation of performance, and an additional base line for assessing the future earnings potential of the company. While the GAAP results are more complete, the company prefers to allow investors to have this supplemental measure since, with reconciliation to GAAP, it may provide additional insight into our financial results.

Cadence expects that its corporate representatives will meet privately during the quarter with investors, the media, investment analysts and others. At these meetings, Cadence may reiterate the Business Outlook published in this press release. At the same time, Cadence will keep this press release, including the outlook, publicly available on its Web site.

Prior to the start of the Quiet Period (described below), the public may continue to rely on the Business Outlook contained herein as still being Cadence's current expectations on matters covered unless Cadence publishes a notice stating otherwise.

Beginning December 17, 2004, Cadence will observe a "Quiet Period" during which the Business Outlook as provided in this press release and the company's most recent quarterly report on Form 10-Q no longer constitute the company's current expectations. During the Quiet Period, the Business Outlook in these documents should be considered to be historical, speaking as of prior to the Quiet Period only and not subject to update by the company. During the Quiet Period, Cadence representatives will not comment on Cadence's business outlook or its financial results or expectations. The Quiet Period will extend until the day when Cadence's 2004 Year End Earnings Release is published, currently scheduled for January 26, 2005.

                     Cadence Design Systems, Inc.
                 Condensed Consolidated Balance Sheets
                  October 2, 2004 and January 3, 2004
                            (In thousands)


                                              October 2,   January 3,
                                                 2004         2004
                                              ----------   ----------
                                              (Unaudited)

Current Assets:
   Cash and cash equivalents                  $  423,557   $  384,525
   Short-term investments                         28,943       33,898
   Receivables, net of allowance for doubtful
    accounts of $9,832 and $9,067,
    respectively                                 355,692      348,680
   Inventories                                    20,293       16,926
   Prepaid expenses and other                     67,725       58,212
                                              ----------   ----------
      Total current assets                       896,210      842,241

Property, plant and equipment, net               394,723      403,847
Goodwill                                         988,919      922,797
Acquired intangibles, net                        218,869      237,508
Installment contract receivables, net             85,986      121,627
Other assets                                     235,259      289,882
                                              ----------   ----------
Total Assets                                  $2,819,966   $2,817,902
                                              ==========   ==========

Current Liabilities:
   Accounts payable and accrued liabilities      244,820      243,450
   Current portion of deferred revenue           250,559      238,478
                                              ----------   ----------
      Total current liabilities                  495,379      481,928
                                              ----------   ----------

Long-term Liabilities:
   Long-term portion of deferred revenue          18,019       16,287
   Convertible notes                             420,000      420,000
   Other long-term liabilities                   292,490      327,406
                                              ----------   ----------
      Total long-term liabilities                730,509      763,693
                                              ----------   ----------

Stockholders' Equity                           1,594,078    1,572,281
                                              ----------   ----------
Total Liabilities and Stockholders' Equity    $2,819,966   $2,817,902
                                              ==========   ==========


                    Cadence Design Systems, Inc.
            Condensed Consolidated Statements of Operations
        For the Quarters and Nine Months Ended October 2, 2004
                        and September 27, 2003
               (In thousands, except per share amounts)
                              (Unaudited)

                                Quarters Ended     Nine Months Ended
                              ------------------  ------------------
                               Oct. 2,  Sept. 27,  Oct. 2,  Sept. 27,
                                2004      2003      2004      2003
                              --------  --------  --------  --------

Revenue:
   Product                    $183,030  $151,962  $503,053  $461,194
   Services                     34,447    33,773   104,064   100,962
   Maintenance                  84,104    83,025   247,267   246,237
                              --------  --------  --------  --------

      Total revenue            301,581   268,760   854,384   808,393
                              --------  --------  --------  --------

Costs and Expenses:
   Cost of product              25,033    15,418    58,590    49,663
   Cost of services             23,132    22,678    69,526    71,529
   Cost of maintenance          12,643    13,266    39,813    43,399
   Marketing and sales          76,736    80,758   238,131   246,993
   Research and development     85,300    84,179   263,541   257,677
   General and administrative   22,917    18,814    62,890    65,598
   Amortization of acquired
    intangibles                 12,741    16,357    44,672    46,263
   Amortization of deferred
    stock compensation           5,772    11,626    21,924    25,558
   Legal settlements                 -   (14,500)        -   (14,500)
   Restructuring and other
    charges                      1,036    62,874     9,400    64,226
   Write-off of acquired
    in-process technology        2,000     2,000     9,000     7,500
                              --------  --------  --------  --------

      Total costs and
       expenses                267,310   313,470   817,487   863,906
                              --------  --------  --------  --------

           Income (loss) from
            operations          34,271   (44,710)   36,897   (55,513)

   Interest expense             (1,564)   (2,392)   (4,820)   (3,706)
   Other income (expense), net  (4,172)    1,208   (10,016)  (10,199)
                              --------  --------  --------  --------

           Income (loss)
            before provision
            (benefit) for
            income taxes        28,535   (45,894)   22,061   (69,418)

   Provision (benefit) for
    income taxes                 8,904   (31,438)    7,382   (36,620)
                              --------  --------  --------  --------

           Net income (loss)  $ 19,631  $(14,456) $ 14,679  $(32,798)
                              ========  ========  ========  ========


Basic net income (loss) per
 share                        $   0.07  $  (0.05) $   0.05  $  (0.12)
                              ========  ========  ========  ========

Diluted net income (loss) per
 share                        $   0.07  $  (0.05) $   0.05  $  (0.12)
                              ========  ========  ========  ========

Weighted average common shares
 outstanding                   270,509   266,755   271,514   267,605
                              ========  ========  ========  ========

Weighted average common and
 potential common shares
 outstanding - assuming
 dilution                      274,877   266,755   280,050   267,605
                              ========  ========  ========  ========

                     Cadence Design Systems, Inc.
            Condensed Consolidated Statements of Cash Flows
             For the Nine Months Ended October 2, 2004 and
                          September 27, 2003
                            (In thousands)
                              (Unaudited)

                                                    Nine Months Ended
                                                  -------------------
                                                   Oct. 2,   Sept. 27,
                                                    2004       2003
                                                  --------   --------
Cash and Cash Equivalents at Beginning of Period  $384,525   $371,327
                                                  --------   --------
Cash Flows from Operating Activities:
   Net income (loss)                                14,679    (32,798)
   Adjustments to reconcile net income (loss) to
    net cash provided by operating activities:
      Depreciation and amortization                138,510    143,347
      Amortization of deferred stock compensation   23,078     25,558
      Equity in loss from investments, net          16,867      7,059
      Gain on sale of investments                   (7,297)         -
      Write-off of investment securities             3,028      4,785
      Write-off of acquired in-process technology    9,000      7,500
      Non-cash restructuring and other charges           -     19,035
      Proceeds from sale of receivables             15,198     33,661
      Provisions for losses on trade accounts
       receivable and sales returns                  2,168     16,598
      Other non-cash items                           1,008      3,309
      Changes in operating assets and liabilities,
       net of effect of acquired and disposed
       businesses:
         Receivables                                 6,411     69,414
         Inventories                                (3,367)    (5,527)
         Prepaid expenses and other                 (4,470)   (11,357)
         Installment contract receivables            6,514    (74,949)
         Other assets                                8,301     20,842
         Accounts payable and accrued liabilities  (24,700)   (74,741)
         Deferred revenue                           13,295    (19,668)
         Other long-term liabilities                15,721    (21,102)
                                                  --------   --------
           Net cash provided by operating
            activities                             233,944    110,966
                                                  --------   --------

Cash Flows from Investing Activities:
  Proceeds from sale and maturities of short-term
   investments - available-for-sale                  3,557          -
  Proceeds from the sale of long-term investments    6,942          -
  Proceeds from sale of equipment                    3,625      9,147
  Purchases of property, plant and equipment       (46,788)   (54,998)
  Purchases of software licenses                      (757)    (2,282)
  Investment in venture capital partnerships and
   equity investments                              (17,353)   (34,341)
  Net cash paid  in business combinations         (115,170)  (140,854)
                                                  --------   --------
           Net cash used for investing
            activities                            (165,944)  (223,328)
                                                  --------   --------

Cash Flows from Financing Activities:
  Proceeds from credit facility                          -     45,000
  Principal payments on credit facility and
   capital leases                                     (354)   (98,424)
  Proceeds from issuance of convertible notes            -    420,000
  Payment of convertible notes issuance costs       (1,920)   (11,463)
  Proceeds from sale of common stock warrants            -     56,441
  Purchase of call options                               -   (134,637)
  Proceeds from issuance of common stock            65,842     54,323
  Purchases of treasury stock                      (94,103)  (210,952)
                                                  --------   --------
           Net cash provided by (used for) 
            financing activities                   (30,535)   120,288
                                                  --------   --------

                                                  --------   --------
Effect of exchange rate changes on cash              1,567     14,950
                                                  --------   --------

                                                  --------   --------
Net increase in cash and cash equivalents           39,032     22,876
                                                  --------   --------

                                                  --------   --------
Cash and Cash Equivalents at End of Period        $423,557   $394,203
                                                  ========   ========


                     Cadence Design Systems, Inc.
                        As of October 20, 2004
 Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income
                               per Share
                              (Unaudited)


                                      Quarter ended      Year ended
                                       Jan. 1, 2005     Jan. 1, 2005
                                      --------------   --------------
                                         Forecast         Forecast
                                      --------------   --------------

Diluted net income per share on a
 GAAP basis                           $0.18 to $0.20   $0.23 to $0.25

   Amortization of intangible assets       0.09             0.37
   Amortization of deferred stock
    compensation                           0.02             0.11
   Restructuring charges                     -              0.03
   In-process research and
    development charges                      -              0.03
   Integration and other
    acquisition-related expenses             -              0.01
   Equity in losses from investments       0.01             0.08
   Tax effect                             (0.03)           (0.16)

Diluted net income per share on a
 non-GAAP basis not including
 dilutive effect of convertible       --------------   --------------
 notes                                $0.27 to $0.29   $0.70 to $0.72

Expected dilutive effect of
 convertible notes on net income
 per share(B)                             (0.03)           (0.07)

Diluted net income per share on a
 non-GAAP basis including dilutive    --------------   --------------
 effect of convertible notes          $0.24 to $0.26   $0.63 to $0.65
                                      ==============   ==============

(B) Expected impact of Emerging Issues Task Force No. 04-08
"Accounting Issues Related to Certain Features of Contingently
Convertible Debt and the Effect on Diluted Earnings per Share"
effective for periods ending after December 15, 2004.


                    Cadence Design Systems, Inc.
                       As of October 20, 2004
    Impact of Non-GAAP Adjustments on Forward Looking Net Income
                             (Unaudited)


                                      Quarter ended     Year ended
                                     January 1, 2005  January 1, 2005
                                     ---------------  ---------------
($ in Millions)                          Forecast         Forecast
                                     ---------------  ---------------

Net income on a GAAP basis              $49 to $54       $64 to $69

   Amortization of intangible assets        24              103
   Amortization of deferred stock
    compensation                             7               29
   Restructuring charges                     -                9
   In-process research and
    development charges                      -                9
   Integration and other
    acquisition-related expenses             1                3
   Equity in losses from investments         2               21
   Tax effect                               (8)             (43)

                                     ---------------  ---------------
Net income on a non-GAAP basis          $75 to $80      $195 to $200
                                     ===============  ===============


                     Cadence Design Systems, Inc.
                              (Unaudited)

Revenue Mix by Geography (% of Total Revenue)

                            2003                          2004
               ---------------------------------  --------------------
GEOGRAPHY       Q1     Q2     Q3     Q4    Year     Q1     Q2     Q3
-------------  ---------------------------------  --------------------

North America   55%    54%    59%    64%    58%      53%    57%    56%
Europe          17%    15%    19%    16%    17%      16%    19%    20%
Japan           20%    22%    13%    13%    17%      22%    14%    15%
Asia             8%     9%     9%     7%     8%       9%    10%     9%
Total          100%   100%   100%   100%   100%     100%   100%   100%



Revenue Mix by Product Group (% of Total Revenue)

                            2003                          2004
              ---------------------------------   --------------------
PRODUCT GROUP   Q1     Q2     Q3     Q4    Year      Q1     Q2     Q3
------------- ---------------------------------   --------------------

Functional
 Verification   20%    18%    18%    20%    19%      20%    20%    18%
Digital IC
 Design         24%    22%    27%    20%    23%      25%    21%    24%
Custom IC
 Design         27%    28%    27%    27%    27%      27%    24%    27%
Design for
 Manufacturing   9%    10%     7%    13%    10%       6%     9%    12%
System
 Interconnect    8%     9%     8%    10%     9%      10%     9%     8%
Services &
 Other          12%    13%    13%    10%    12%      12%    17%    11%
Total          100%   100%   100%   100%   100%     100%   100%   100%

Note: Product Group total revenue includes Product + Maintenance





Contact:
Cadence Design Systems, Inc.
Alan Lindstrom, 408-944-7100 (Investors and Shareholders)

Email Contact
Adolph Hunter, 408-914-6016 (Media and Industry Analysts)

Email Contact