( ESNUG 474 Item 4 ) -------------------------------------------- [07/02/08]
Subject: Mentor employees
HELL NO, WE WON'T GO! -- Other than one surprize Mentor employee who felt
her position would be safe post-merger, all of the Mentor employees were
hostile to the idea of being forcibly joined with Cadence.
BE SURE TO READ ALL 8 PARTS OF THIS REPORT OR YOU'LL BE MISLED.
2.) As an EDA VENDOR what did you think of this move by Mike Fister?
3.) As EITHER, do you want this merger to happen? (CHOOSE YES or NO)
Bad thing. For the end user, competition is always better. The more
EDA companies that compete the better products we will have, the
better features and enhancements... etc.
This looks like CDNS knows Mentor is becoming stronger and is taking over
their market shares. However, it seems that they don't want to pay much!
The price they offered is an undervalue to Mentor's real value. They
chose the timing when the stocks are not doing very well, then said we
are offering 30% over!!!
NO.
- [ An Anon Mentor Employee ]
---- ---- ---- ---- ---- ---- ----
I think it is a very gutsy move by Mike Fister. However, it may not be as
well thought through as I would expect. There is significant overlap in
product areas, and this may cause some very good technology to be shelved
or lost. I think this merger would be a short term win for shareholders,
but a big loser for the customers that rely on the products of Mentor.
NO.
- [ An Anon Mentor Employee ]
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Too much product overlap to yield any significant benefits from the PCB
perspective. The CDNS router (CCT) has been their only strength to date
and this lead to continue is questionable in light of Mentor's XE flow
and its incorporating the RE routing technology. In addition, recent
CDNS reorgs have weakened their field presence and thus support among
their customer base as well. Part of the impetus to merge could be
driven by desire to acquire our proven sales/AE force.
No! They are reaping what they have sown in that any claimed strengths
are veneer thin due to past poor decisions regarding PCB development
decisions and field reorgs that emphasized cost savings over effective
customer support. Just go ask a CDN customer!
The bid appears to be one driven truly by desperation.
- [ An Anon Mentor Employee ]
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I'm sure Mike Fister will give Mentor the nurturing and support Cadence
gives other acquisitions. OrCAD comes to mind.
NO.
- [ An Anon Mentor Employee ]
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Mike must be concerned about the negative move of the Cadence revenues
and is trying to increase the revenues by the most aggressive acquisition
possible. The move will remove the competitive nature of the present
situation.
Mentor has better technology and is able to innovate better than Cadence.
The merger would cost Cadence $1.6 B and only add $400 M to Cadence
revenues. Mentor works hard to hold to its core values by doing business
in a very ethical way and treating the employees well. I believe this
Cadence has a different model.
Finally the confusion internally and externally that the merger would
discourage employees and customers and may cause an exodus to other
employers by the best and the brightest.
Perhaps Mike should innovate his way to growth rather than destroy
Mentor's path to future success.
NO
- [ An Anon Mentor Employee ]
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I would not want this merger to happen.
NO
- [ An Anon Mentor Employee ]
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Desperation. I think this is a strange move. Not much synergy between
the two. I can't see how the final outcome could be positive because
the difference in culture is huge. But I don't think Mike cares about
culture or happiness of the workforce. I have worked at both companies
and Mentor is a MUCH better place to work. Mike would ruin the
enthusiasm and sense of personal responsibility Mentor employees have,
which I feel is the basis for Mentor's success.
NO
- [ An Anon Mentor Employee ]
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I work for Mentor. I love the company. I'd hate to see what Cadence
would do to it ... judging by past history.
- [ An Anon Mentor Employee ]
---- ---- ---- ---- ---- ---- ----
As a developer with Mentor in the [ Group Name Deleted ] I feel that my
job might be secure, but still I'll be apprehensive. Now suppose that
my job is secured, I think Cadence marketing will add a lot of value to
our tool and its penetration might see a good increase. Given that
Mentor and Cadence can be a force in the EDA industry to recon with,
going forward I think our competition will get weaker and weaker.
It's a very good move given the financial crunch that this EDA industry
is going thru, partly because of the bad shape of the silicon industry
and partly because of competition among various EDA vendors.
YES
- [ An Anon Mentor Employee ]
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