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Technology Stocks : Avant (AVNT)

AVNT 30.18

-1.4%

Dec 2 3:59 PM EST

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To: Ploni who wrote (1186)	10/23/1997 5:33:00 PM
From: Chung Yang	Read Replies (1) of 3441

>>>Avant! seems to be down sharply on Hong Kong market crash. Their Asian markets might suffer along with those of the capital equipment makers. <<< Avanti is down about 1/2 a point in the aftermath of HK index drop. That is about 1.5% from the closing price of 30 1/4 yesterday. It doesn't seem that drastic to me unless I am looking at the wrong quote. Comparitively, CDN is down 1 5/16 or about 2.6% relative to yesterday's closing price. This says to me that all is well in the EDA world. There is nothing to worry about. Life is good. HK is one of the main echonomic indicator of the Asian-Pacific region. But it certainly is not a consumer of EDA tools. The main Asian EDA market's are Japan, Korea, Taiwan, singapore and too alesser extent China. While other region posted a single digit drop, Taiwan market is up, bucking the trend. If AVNT's share is down sharply due to Asian market down turn, you'll see not only EDA, but the rest of the US tech market be dragged down as well. BTW, why is CDN's P/E ratio at 102? - Chung

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