M2 PRESSWIRE-22 August 2008-Businessnetwire.us: BusinessNetWire.US: Chat Live About: CDNS & TXPO(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:21082008
New York, NY -- Cadence Design Systems, Inc. (NASDAQ: CDNS); TXP Corporation (OTCBB: TXPO)
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Cadence Design Systems, Inc. (NASDAQ: CDNS) closed at $7.66 Wednesday, trading 7,148,000 shares.
Company News- August 21, 2008: Cosmic Circuits Experiences 8X Performance Gains by Adopting Cadence Virtuoso Spectre With Turbo Technology
Cadence Design Systems (I) Pvt Ltd., a subsidiary of Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic design innovation, announced earlier today that Cosmic Circuits, a leading provider of analog IP-cores, has experienced up to eight times improvement in performance after adopting the new version of the Cadence Virtuoso Spectre Circuit Simulator, featuring "turbo" technology.
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About Cadence
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, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2007 revenues of approximately $1.6 billion, and has approximately 5,100 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 www.cadence.com.
Cadence is a registered trademark and the Cadence logo is a trademark of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
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TXP Corporation (OTCBB: TXPO) closed at $0.27 Wednesday, trading 17,500 shares.
Company News- August 21, 2008: CIG and TXP Agree to Merge
TXP Corporation (OTCBB: TXPO), an Original Design Manufacturer (ODM) for the telecommunications industry based in Richardson, Texas, and Cambridge Industry Group (CIG), a privately held, leading R&D and OEM supplier of FTTH (fiber-to-the-home) Customer Premise Equipment (CPE) based in Shanghai, China, announced today that they have signed a Memorandum of Understanding (MoU) to merge the two companies. The merger brings together two leading independent suppliers of Passive Optical Network (PON) Optical Network Terminal (ONT) solutions to form the world's largest ODM and services business focused on FTTH CPE.
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About TXP
TXP is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Prototyping, ONT and Retrofit Solutions. TXP-ONT Solutions develops and markets, via an ODM model, a line of Carrier-Class CPE products including home gateways and the world's broadest independent family of ONT products to both OEMs and ILECs. ONTs are used in FTTH-based services to terminate the passive optical network at the home or business location, and enable integrated voice, video and high-speed internet access. TXP-Retrofit Solutions provides custom engineered kits that enable ILEC's to upgrade their local access service delivery infrastructure at minimum cost and time, enabling a wide range of next generation telecom platforms to easily fit into the variety of remote OSP cabinets that have been broadly deployed over the last 30 years. For more information visit: www.txpcorp.com
About CIG
Founded in June 2005, with R&D and manufacturing based in Shanghai, China, Cambridge Industries Group (CIG) is a leading independent telecom OEM supplier focusing on FTTH, especially PON (GPON and GEPON) CPE equipment, which is an essential and integral part of PON system vendors' and service providers' end-to-end FTTH solutions. CIG's complete GPON CPE portfolio includes products such as ONT, ONU, MDU, and residential gateways, which are already in mass deployment throughout the world via CIG's multiple system vendor partners. Unlike traditional OEM business models, CIG's business model focuses on the vertical integration of in-house carrier-class R&D, quality production and delivery, and global services. CIG is therefore capable of supplying our partners with a rich variety of CPE products with reduced cost, enhanced features, the possibility of customized solutions, and quality and volume deliveries. For more information visit: www.ci-g.com
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