Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Bouf who wrote (528)	1/23/2003 11:59:12 AM
From: Jibacoa	Read Replies (2) of 1404

LAVA Is up more than 17% on volume of 640K (more than 2.5x its daily average) after it announced yesterday, after the close of the market, the results for its 3rd Q. The revenue of $18.7 M was 34% better than the $13.9 M on the previous year. The net income of $3.8 M or $0.12/share was also a record. "We are pleased to report significantly improved operating margins in a challenging market for EDA software," said Rajeev Madhavan, chairman and CEO of Magma.<g> The stock had a nice up-gap this morning after it found support at the 7.25 level earlier this month. siliconinvestor.com The stock still needs to close above its December 16 H of 10.86 in order to be able to test its December 6 H at 13.11 <g> siliconinvestor.com Insiders hold more than 35% of the stock and institutions that hold more than 75% of the float reportedly had done some buying lately.<g> siliconinvestor.com LAVA has around $3 in cash/share and no significant LTD.The float is less than 20 M. Bernard

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