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Technology Stocks : Avant (AVNT)
AVNT 29.98-2.3%3:59 PM EST
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To: Mama Bear who wrote (1315)10/31/1997 8:25:00 AM
From: PMylnar  Read Replies (2) of 3441
 
AVNT Puts. I figured as much.

Yes Robertson Stephens dropped coverage a couple of weeks ago. ( I've got a friend who works in sales over there). He said the reasons the analyst gave for dropping coverage was that there was interest from a very small but growing universe of investors, a group of "fanatical shorts" (his words not mine), and that the legal side of AVNT was consuming too much of the analyst's research time. Myguess is that J. Costello and the head of Robertson Stephens being good friends didn't hurt either.
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