Top Software Stocks - CDNS, OPWV, BPHX

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Cadence Design Systems, Inc. (NASDAQ:CDNS) rallied 5.56% to $6.08 on a massive volume of 3.56 million shares. The company announced that it has expanded the scope of its recently announced relationship with Toshiba Corporation for COT (customer-owned tooling) and SoC design targeting the growing and increasingly complex mobile and consumer markets. This new broader relationship will include technologies such as chip planning of early-stage SoC designs utilizing Cadence Chip Planning system, DRC/LVS/ERC using the Cadence Physical Verification System, and acceleration of mixed signal design simulations with parallel processing utilizing Cadence Virtuoso Advanced Parallel Simulator.

Openwave Systems Inc. (NASDAQ:OPWV) notched up 6.03% to $2.64 on a huge volume of 433k shares.  The stock has a 52-week range of $0.45-$3.13.   Openwave Systems Inc. (Openwave) is a provider of software solutions for the communications and media industries. The Company provides software and services to mobile and wireline operators, and broadband service providers.

BluePhoenix Solutions, Ltd.(USA) (NASDAQ:BPHX)  soared 5.49% to $2.88 on a huge volume of 219K shares. Today it announced that it has been awarded a multi-million dollar modernization contract for a global Tier 1 retail chain by IBM. The Company is partnering with IBM to integrate, synchronize, convert, and remediate the customer`s disparate legacy purchase order systems, including associated applications and technologies. The Company will modernize the databases from legacy IMS and VSAM systems to an IBM DB2 environment providing the customer with improved productivity with a lower cost of ownership.