Cadence to List Solely on NASDAQ

First Dual-listed Company to Switch to NASDAQ

NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- The Nasdaq Stock Market, Inc. (NASDAQ: NDAQ) today announced that Cadence Design Systems, Inc. (NYSE: CDN) will list its common stock solely on the NASDAQ National Market. Cadence dual listed its stock on the NASDAQ in January 2004. Cadence is the first NYSE and NASDAQ dual-listed company to move its listing solely to NASDAQ.

Cadence common stock will cease trading under the symbol CDN on both the NYSE and NASDAQ on October 28, 2005. The stock will begin trading on the NASDAQ National Market under the new symbol CDNS when the market opens on October 31, 2005.

Bob Greifeld, president and chief executive officer of NASDAQ said, "We are very pleased Cadence has decided to list solely on NASDAQ, a decision based on the benefits of our competitive market model. This move highlights our dual listing program and the fact that institutional investors prefer to trade on NASDAQ's electronic platform." Greifeld continued, "Cadence joins some of the most innovative companies in the world with its listing on NASDAQ."

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, printed circuit boards and systems used in consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2004 revenues of approximately $1.2 billion, and has approximately 5,000 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at http://www.cadence.com.

NASDAQ is the largest electronic screen-based equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.

NASDAQ makes no representation about the financial conditions of any company. Investors should evaluate companies carefully before investing.

CONTACT: Bethany Sherman, +1-212-401-8714, or Silvia Davi,
+1-646-441-5014, both of NASDAQ

Web site: http://www.nasdaq.com/
http://www.cadence.com/




Review Article Be the first to review this article
Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Job Openings: Can EDA Predict the Future
More Editorial  
Jobs
Technical Support Engineer Germany/UK for EDA Careers at San Jose, CA
Test Development Engineer(Job Number: 17001697) for Global Foundaries at Santa Clara, CA
ASIC Design Engineer 2 for Ambarella at Santa Clara, CA
Timing Design Engineer(Job Number: 17001757) for Global Foundaries at Santa Clara, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Verification Engineer for Ambarella at Santa Clara, CA
Upcoming Events
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017
DVCon 2017 China, April 19, 2017, Parkyard Hotel Shanghai, China at Parkyard Hotel Shanghai Shanghai China - Apr 19, 2017
Zuken Innovation World 2017 at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy