12:22 ANSS ANSYS: Not the same as Cadence; sell off is unwarranted - Kaufman (34.11 -1.24)  Kaufman notes that Cadence Design Systems reported results last night and issued weaker-than-expected guidance. They say shares of ANSYS have traded down in sympathy. They note that Cadence Design Systems creates software that is critical for semiconductor designers to create chips. Weaker demand for this software speaks to the state of semiconductor market, they say. They note that ANSYS, in contrast, creates simulation software that helps engineers test a wide range of physics. Firm says ANSS works broadly in the manufacturing mkt and is not tied closely to any one vertical. The firm believes that the sell-off in shares of ANSS is unwarranted.