Safe Harbor
The following discussion contains forward looking statements, and our actual results may differ materially from those expectations discussed here. Additional information concerning factors that could cause such a difference can be found in our Form 10-K for the period ended December 31, 2011, our Form 10-Q for the period ended March 31, 2012, the company’s future filings with the Securities and Exchange Commission and the cautionary statements regarding forward-looking statements in our earnings press release of April 25, 2012.

Regulation G
In addition to financial results prepared in accordance with Generally Accepted Accounting Principles, or GAAP, this presentation will contain certain non-GAAP financial measures. Cadence management believes that in addition to using GAAP results in evaluating our business, it can also be useful to measure results using certain non-GAAP financial measures. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures with their most direct comparable GAAP financial results, including those set forth in our press release of April 25, 2012 for the quarter ended March 31, 2012, which can be found in the quarterly earnings section of the investor relations portion of our website at www.cadence.com.