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Technology Stocks : Avant! (AVNT) - Hi Mom, I'm in JAIL!!
AVNT 31.25-0.8%Dec 31 3:59 PM EST

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To: Peter Bernhardt who wrote (24)9/7/1997 7:54:00 PM
From: Bill Wexler   of 53
 
I agree, it *is* in poor taste.

However, it is also lots of fun! Relax Peter. Not the thread topic and my initial comments.

I don't think that discussing the fundamentals of the company will get us anywhere because it is now clear that Avant has released phony information. I would venture to guess that a company which sanctions criminal activities such as theft would not think twice about cooking the books.

In my opinion the stock is now woth close to zero because they are currently prohibited from selling a big portion of their product line and chances are very good that - as a result of these criminal indictments and potentially large civil liabilities - the corporation will cease to exist.

Even if Avant was not run by a bunch of felons, and we could trust their numbers, I would still say that the stock was very overvalued. Despite all the claims made about Avan't "superior technology", Cadence continues to be the market leader by an extraordinary margin. Think Microsoft vs. Borland and you'll get a very good idea about where Cadence's business stands relative to Avant's.
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