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Utilizing the Liapunov functional method and combining the inequality of matrices technique to analyze the existence of a unique equilibrium point and the global asymptotic stability for delayed cellular neural networks (DCNNs), a new sufficient criterion ensuring the global stability of DCNNs is obtained. Our criteria provide some parameters to appropriately compensate for the tradeoff between the matrix definite condition on feedback matrix and delayed feedback matrix. The criteria can easily be used to design and verify globally stable networks. Furthermore, the condition presented here is independent of the delay parameter and is less restrictive than that given in the references.