( ESNUG 479 Item 10 ) ------------------------------------------- [02/05/09]
Subject: Readers react to Cadence appointing Lip-Bu Tan as its new CEO
> Although Lip-Bu Tan doesn't come from an EDA background, as a 5 year
> member of the Cadence board, he's not totally clueless about EDA either.
> He might be the right medicine for a new restored Cadence -- or he might
> be a sad continuation of Mike Fister's let's-milk-this-cash-cow policies.
>
> Like another new president who's been in the news a lot lately, I think
> his first 90 days in office will say everything we'll need to know.
>
> - John Cooley
> http://www.deepchip.com/wiretap/090108.html
From: Larry Lapides <larryl=user domain=imperas hot calm>
Hi, John,
I don't know the current status, but Lip Bu was on the Calypto board, and
Walden is an investor in Calypto.
- Larry Lapides
Imperas Thames, UK
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From: [ An Anon Engineer ]
Hey, John,
Lip Bu should be another Fister story. He has not much clue about EDA.
- [ An Anon Engineer ]
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From: [ An Anon Engineer ]
Hi John,
Interesting reading. Please keep me anon in case you are thinking to put
together any readers' remarks to your Wiretap article.
As soon as you noted Lip-Bu is a bigwig VC, it got me thinking whether he
comes from the same school of thought as Rick Clemmer, who's NXP's new CEO.
While at Agere, Rick got them all set up for, and then executed, Agere's
sale to LSI Logic.
Hopefully, Mr. Tan will be more interested in keeping Cadence a strong,
independent entity. As you say, the first 90 days should be interesting.
- [ An Anon Engineer ]
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From: [ An Anon Engineer ]
Hi, John,
Keep this ANONYMOUS.....
Good article today, but he's already had almost 90 days running things...
And I think that the new VP's already in charge of R&D and Sales (as well
as the new CFO) make a lot more difference than who is the CEO -- so
don't look for any new changes.
- [ An Anon Engineer ]
---- ---- ---- ---- ---- ---- ----
From: Georgia Marszalek <georgia=user domain=valleypr hot calm>
Hi, John,
Love the mention of 90 days. I wonder if it is really enough time.
- Georgia Marszalek
Valley PR, Inc. Foster City, CA
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From: [ Horse With No Name ]
To: John Cooley <jcooley=user domain=zeroskew hot calm>
Hi John,
please keep me anon.
Lip-Bu's move is simply a sign of the times. It's just one more log on
the VC-has-become-a-crappy-industry fire. My guess is that Lip-Bu thinks
Cadence's subscription revenue looks pretty good in comparison to facing
angry LPs this Spring, and declining management fee income.
The Venture Capital game is collapsing like everything else these days.
See http://www.forbes.com/forbes/2009/0112/066_print.html
- [ Horse With No Name ]
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From: John Cooley <jcooley=user domain=zeroskew hot calm>
To: [ Horse With No Name ]
Thanks for your letter, but what's an "LP" (as in "facing angry LPs"?)
- John Cooley
DeepChip.com Holliston, MA
---- ---- ---- ---- ---- ---- ----
From: [ Horse With No Name ]
To: John Cooley <jcooley=user domain=zeroskew hot calm>
It's a "Limited Partner". These are the people who give money to VCs to
invest on their behalf. Typically college endowments (e.g. Harvard),
retirement funds (Calpers), insurance companies (AIG), and banks (Lehman
Brothers when there was one.).
- [ Horse With No Name ]
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From: [ An Anon Engineer ]
Hi, John,
Maybe Nuclear Engineering is all what is needed to revive Cadence!
- [ An Anon Engineer ]
---- ---- ---- ---- ---- ---- ----
From: [ An Anon EDA Engineer ]
Hey, John,
There is more news with Ted V. gone. It's because Charlie Huang and
Chi-Ping Hsu are going to refocus Cadence on the physical and analog side.
Me thinks Ted was feeling an outsider as it appears that Lip-Bu, Charlie
and Chi-Ping are in a tight pack bundled together.
Losing Ted is a significant loss for Cadence, but probably a natural
changing of the guard fallout.
- [ An Anon EDA Engineer ]
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From: [ An Anon Engineer ]
Hey, John,
Lip-Bu Tan doesn't know squat about EDA. He's the new central bookkeeper
a la Ray Bingham. The real power in Cadence is back with the VP's.
Are you honestly that stupid as to not see this?
- [ An Anon Engineer ]
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From: Ralph Grundler <ralph.grundler=user domain=synopsys hot calm>
Hi, John,
How does he find the time for all those boards? I got tired just reading
the list. :-)
- Ralph Grundler
Synopsys, Inc. Mountain View, CA
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