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Technology Stocks : Avant (AVNT)

AVNT 31.04

+1.5%

11:51 AM EST

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To: fut_trade who wrote (997)	10/15/1997 1:41:00 PM
From: fut_trade	of 3441

RESEARCH ALERT - Avant! Corp ''quite strong and Avant! continues to build on an already substantial backlog.'' LOS ANGELES, Oct. 15 (Reuters) - Hambrecht & Quist raised its 1997 estimate for Avant! Corp to $1.55 a share from $1.21 and 1998 to $1.40 a share from $1.11 following the third quarter earnings report issued on Tuesday. said Q3 bookings were ''quite strong and Avant! continues to build on an already substantial backlog.'' said Compass Design Automation acquisition and a pending merger with TMA should be accretive to earnings. Tuesday, Avant! reported third quarter earnings of $0.33 a share, beating analysts' consensus of $0.29 a share.

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