8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported):       December 20, 2001

CADENCE DESIGN SYSTEMS, INC.

(Exact Name of Registrant as Specified in its Charter)

DELAWARE	1-10606	77-0148231
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2655 SEELY AVENUE, BUILDING 5
SAN JOSE, CALIFORNIA 95134
(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code:    (408) 943-1234

TABLE OF CONTENTS

	Item 7. Financial Statements, Pro Forma and Exhibits.
	Item 9. Regulation FD Disclosure.
Signature
EXHIBIT INDEX
EXHIBIT 99.1

Item 7. Financial Statements, Pro Forma and Exhibits.

(a)	Financial Statements of Business Acquired.
	Not applicable.
(b)	Pro Forma Financial Information.
	Not applicable.
(c)	Exhibits.

Exhibit No.		Description
	99.1	Press Release of the Registrant issued on December 20, 2001.

Item 9. Regulation FD Disclosure.

On December 20, 2001, Cadence Design Systems, Inc., a Delaware corporation (the “Registrant”), announced the completion of its acquisition of Silicon Perspective Corp., a California corporation (“SPC”). The acquisition of SPC was effected by means of a merger pursuant to which a wholly-owned subsidiary of the Registrant merged with and into SPC, with SPC as the surviving company.

2

Signature

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     Dated as of December 20, 2001

CADENCE DESIGN SYSTEMS, INC.
By:	/s/    William Porter
	William Porter Senior Vice President and Chief Financial Officer

3

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release of the Registrant issued on December 20, 2001.

4 EX-99.1 3 f78031ex99-1.txt EXHIBIT 99.1 EXHIBIT 99.1 CADENCE COMPLETES ACQUISITION OF SILICON PERSPECTIVE CORP. SAN JOSE, Calif. -- December 20, 2001 -- Cadence Design Systems, Inc. (NYSE: CDN), the world's leading supplier of electronic design products and services, today announced the completion of its acquisition of Silicon Perspective Corporation (SPC), a privately-held design technology firm headquartered in Santa Clara, California, specializing in virtual prototyping. Financial terms were not disclosed. "Full chip, virtual prototyping allows customers to get their large SoC designs to market significantly faster than was possible before," said Lavi Lev, executive vice president and general manager for the Cadence IC Solutions Business. "Customers have shown reduction in implementation times of 10x to 30x, depending on the size of their design, with SPC tools. The combination of SPC and Cadence SoC implementation software has been proven to address both design turnaround and complexity management challenges. Together, Cadence and SPC are well-positioned to take on even the most demanding IC design requirements." "This is a dramatic step forward for us and our customers," said Ping Chao, senior vice president and general manager of Silicon Perspective, a Cadence Company. "It represents a great advance in our combined company's ability to field and support advanced technology around the world." First Encounter, SPC's advanced virtual prototyping tool, includes hierarchical floorplanning, placement, and analysis that reduce cycle times for large designs. First Encounter will augment both current PKS/Silicon Ensemble(R)(SE)-PKS and future Integration Ensemble (IE) for SoC synthesis, place & route (SP&R) design technology from Cadence, thus enabling designers to complete very large chips faster. First Encounter is currently used in conjunction with Cadence(R) SP&R at numerous customer sites, with proven success. ABOUT CADENCE Cadence is the largest supplier of electronic design technologies, methodology services, and design services. Cadence solutions are used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 5,700 employees and 2000 revenues of approximately $1.3 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif., and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services are available at www.cadence.com. --end-- For more information, please contact: Judy Erkanat Cadence Design Systems, Inc. 408-894-2302 jerkanat@cadence.com Cadence, the Cadence logo, and Silicon Ensemble are registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners. -----END PRIVACY-ENHANCED MESSAGE-----

EX-99.1

                                                                    EXHIBIT 99.1



                        CADENCE COMPLETES ACQUISITION OF
                            SILICON PERSPECTIVE CORP.

        SAN JOSE, Calif. -- December 20, 2001 -- Cadence Design Systems, Inc.
(NYSE: CDN), the world's leading supplier of electronic design products and
services, today announced the completion of its acquisition of Silicon
Perspective Corporation (SPC), a privately-held design technology firm
headquartered in Santa Clara, California, specializing in virtual prototyping.
Financial terms were not disclosed.

          "Full chip, virtual prototyping allows customers to get their large
SoC designs to market significantly faster than was possible before," said Lavi
Lev, executive vice president and general manager for the Cadence IC Solutions
Business. "Customers have shown reduction in implementation times of 10x to 30x,
depending on the size of their design, with SPC tools. The combination of SPC
and Cadence SoC implementation software has been proven to address both design
turnaround and complexity management challenges. Together, Cadence and SPC are
well-positioned to take on even the most demanding IC design requirements."

        "This is a dramatic step forward for us and our customers," said Ping
Chao, senior vice president and general manager of Silicon Perspective, a
Cadence Company. "It represents a great advance in our combined company's
ability to field and support advanced technology around the world."



        First Encounter, SPC's advanced virtual prototyping tool, includes
hierarchical floorplanning, placement, and analysis that reduce cycle times for
large designs. First Encounter will augment both current PKS/Silicon
Ensemble(R)(SE)-PKS and future Integration Ensemble (IE) for SoC synthesis,
place & route (SP&R) design technology from Cadence, thus enabling designers to
complete very large chips faster. First Encounter is currently used in
conjunction with Cadence(R) SP&R at numerous customer sites, with proven
success.

ABOUT CADENCE

        Cadence is the largest supplier of electronic design technologies,
methodology services, and design services. Cadence solutions are used to
accelerate and manage the design of semiconductors, computer systems, networking
and telecommunications equipment, consumer electronics, and a variety of other
electronics-based products. With approximately 5,700 employees and 2000 revenues
of approximately $1.3 billion, Cadence has sales offices, design centers, and
research facilities around the world. The company is headquartered in San Jose,
Calif., and traded on the New York Stock Exchange under the symbol CDN. More
information about the company, its products and services are available at
www.cadence.com.

                                     --end--

For more information, please contact:

Judy Erkanat

Cadence Design Systems, Inc.
408-894-2302
jerkanat@cadence.com


Cadence, the Cadence logo, and Silicon Ensemble are registered trademarks of
Cadence Design Systems, Inc. All other trademarks are the property of their
respective owners.