SAN JOSE, Calif., Nov. 1, 2006 (PRIMEZONE) -- Cadence Design Systems, Inc. (Nasdaq:CDNS), together with The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) will today host a NASDAQ Remote Opening Bell ceremony live from San Jose, California to commemorate Cadence's one-year listing anniversary on NASDAQ. The ceremony will take place at Cadence corporate headquarters and will be broadcast simultaneously on NASDAQ's seven-story Tower in Times Square, bringing the event from San Jose to New York.
The NASDAQ Remote Opening Bell ceremony will occur at 6:30 a.m. P.T. (9:30 a.m. E.T.) on November 1. The NASDAQ Opening and Closing Bell Ceremonies occur daily from NASDAQ's Times Square Studio but can be conducted remotely, symbolizing NASDAQ's electronic market.
The ceremony, co-hosted by Cadence CEO Mike Fister and NASDAQ Executive Vice President Bruce Aust, will be witnessed by Cadence employees and board members and seen by millions of viewers via television networks that broadcast the ceremony daily throughout the U.S. and around the world.
"We are delighted to celebrate the first anniversary of our sole listing with NASDAQ by hosting the virtual NASDAQ Opening Bell at our headquarters in San Jose, California. What better way to mark this occasion than to be surrounded by our employees, who have made us the leader in global electronic-design innovation," said Mike Fister, president and CEO, Cadence Design Systems. "NASDAQ is a successful platform for many innovative, growing technology companies and our association with NASDAQ continues to reinforce our position as a technology and market leader."
"We are proud that Cadence Design Systems has chosen NASDAQ as their listing market and we're honored to have the opportunity to support their growing visibility and leadership in the global electronic design space," said Bruce Aust, Executive Vice President of NASDAQ. "In addition, last December we welcomed Cadence to the NASDAQ-100, one of the world's most closely watched indexes. We look forward to continuing to grow our partnership with Cadence."
NASDAQ Opening and Closing Bell events are symbolic ceremonies that represent the open and/or close of the NASDAQ trading day, which brings together investors and market participants from around the world to trade electronically. NASDAQ by design is a decentralized electronic market that can be opened anywhere. On average, the NASDAQ processes approximately 20,000 stock market transactions per second and nearly 12 million trades per day. The market open and market close are the busiest times in the trading day, in which NASDAQ's systems handle transaction peaks in excess of 20,000 transactions per second.
Editors note: Broadcast outlets that are interested in obtaining the opening bell can access it via satellite. The entire NASDAQ Opening Bell ceremony live from Cadence can be made available to all local and regional broadcast outlets from 6:20 a.m. P.T. to 6:35 a.m. P.T. (9:20 a.m. E.T. to 9:35 a.m. E.T.) on uplink IA-6 C-band/transponder 24. The downlink frequency is 4180 horizontal; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623.
About Cadence Design Systems, Inc. (CDNS):
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 2005 revenues of approximately $1.3 billion, and has approximately 5,200 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.
About NASDAQ
NASDAQ(r) 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 www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/. Also, for additional factoids on NASDAQ you may visit www.nasdaqfacts.com.