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Technology Stocks : Cadence Design Systems

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To: Albert Youssef who wrote (470)	7/30/1999 7:58:00 PM
From: Carlo Colatosti	Read Replies (1) of 668

IMHO, It appears to me that CDN is under accumulation. There has been strong volume in the stock recently. There was a 500,000 block today. I sense there is heavy institutional buying. Volume proceeds price. My gut feel is that we will see a substantial price move upward in the near future, if the market in general does not correct any further.CDN is a premier company in it's field which has run into a rocky patch. All the bad news is factored into the stock. We are very likely at rock bottom. CDN is making all the necessary adjustments. The semiconductor industry has begun a strong new up cycle which will last for a least 18 months or longer. Technology is changing very rapidly to a thin wafer and numerous new applications are coming on, particuliarly in networking, transition from analog to digital application...and the most exciting, of course is bandwidth..high speed internet access (DSL,cable)...new chips and chip design is critical to this growth...I believe CDN will play a major role in the coming months...I expect good news and there is a lot of room for analyst upgrades and upward earnings revisions....

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