Cadence Q4 2005 Earnings Conference Call Transcript (CDNS)

Cadence Design Systems (CDNS)
Q4 2005 Earnings Conference Call
February 1st 2006, 5:00 PM.

Executives:

Jennifer Jordan, Corporate VP, IR
Mike Fister, President, CEO
Bill Porter, SVP, CFO

Analysts:

Jay Vleeschhouwer, Merrill Lynch
Harlan Sur, Morgan Stanley Dean Witter
Raj Seth, SG Cowen Securities
Tim Fox, Deutsche Bank
Vishal Saluja, Seligman
Rich Valera, Needham & Company
Sterling Auty, JPMorgan
Eric Grenadie, Banc of America Securities
Stewart Muter, RBC Capital
Matt Petkun, DA Davidson
Rohit Pandey, HSBC Securities

Presentation

Operator

Good afternoon. My name is Ramona, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Cadence Design Systems Fourth Quarter 2005 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be question and answer period. If you would like to ask a question during this time, simply press “*