WHO:

Cadence Design Systems, Inc. (NASDAQ: CDNS) to announce fourth quarter and fiscal year 2006 financial results via webcast.

WHAT:

You are invited to attend the fourth quarter and fiscal year 2006 financial results audio webcast. Participating on the webcast will be Mike Fister, president and chief executive officer, and Bill Porter, executive vice president and chief financial officer.

WHEN:

The webcast will begin Wednesday, Jan. 31, 2007 at 2 p.m. (Pacific)/5 p.m. (Eastern). An archive of the webcast will be available from Jan. 31 at 5 p.m. (Pacific) until 5 p.m. (Pacific) on Feb. 7.

WHERE:

The webcast will be available online at: www.cadence.com/company/investor_relations

For more information, please contact:
Therese Papenfuss
Investor Relations
Cadence Design Systems, Inc.
408-944-7100

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