Cadence & Hp To Power Development Of Next-Generation Electronic Design Solutions - Company Business and Marketing

EDP Weekly's IT Monitor, July 17, 2000

Cadence Design Systems Inc. (NYSE: CDN) and Hewlett-Packard Co. (NYSE: HWP) announced a far-reaching business alliance whereby the companies will jointly develop, market, and sell new solutions for the electronic design automation (EDA) market. The combined research and development (R&D) power of these two market leaders will provide enhanced quality solutions and performance-powered time-to-market for electronic designs. Under the terms of the agreement:

* Cadence will adopt HP-UX as a preferred product development and support platform and operating system.

* HP has selected Cadence as a preferred provider of EDA design tools for HP's R&D groups, including a very strong commitment to Cadence SP&R (synthesis/place-and-route) technology.

* Cadence will support the HP-UX operating environment on Intel's 64-bit IA-64 architecture, the next-generation microprocessor architecture jointly developed by HP and Intel.