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Technology Stocks : Avant (AVNT)
AVNT 29.69-1.6%Nov 7 9:30 AM EST
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To: tonto who wrote (460)9/12/1997 5:41:00 PM
From: tonto   of 3441
 
AVNT is expanding too quickly

The company itself has admitted to the difficulties involved in the
last round of mergers last Sept. through Oct., and they have yet to
complete the full intigration of these mergers and savings. In fact,
they admit in a SEC filing that this could be very distracting to management completing this and taking their eyes off of everyday matters.

They continue to expand, even in light of the warnings they have given
in their SEC filings regarding the exceptional time it is taking on senior management to handle the criminal and civil charges against them and the company.

It is important to note that the negative outcome of the civil and criminal charges will affect a minimum of 20% of their business. That is the purpose of the rush on deals and new companies. To reduce their
dependence on the source codes allegedly stolen by AVANT and found by the State of California's law enforcement units.

They fail to highlight the facts of the probable loss of business, cancellation of orders pending, loss of very key personnel to prison and quiting, and the inability to attract top people to replace them because of their history. It's there at the SEC, but if you would just read their pr hype, one would think these guys are tops.
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