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Technology Stocks : Avant (AVNT)

AVNT 30.98

+1.5%

11:11 AM EST

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To: vegetarian who wrote (1838)	12/25/1997 11:03:00 PM
From: Eric Klein	Read Replies (1) of 3441

I don't think that many people, even professional investors, have seen a high tech company of this size get caught with their hands so deep in the cookie jar. There are always lawsuits between hi-tech companies for theft of trade secrets, but these guys literally stole source code and created a company from it, really quite a different kettle of fish from the normal run of the mill larceny. Can anybody else name a hi-tech that has recently been put out of business for theft of intellectual property? It's a real possibility that AVNT will essentially go out of business as a result of the CDN and other lawsuits. It just doesn't happen that often. Most people are in a state of denial or just sheer disbelief. There's a lot of complacency in the markets right now (not news to anybody, I suppose). Although to my mind, the felony arrests of the company officers should have given everybody a real big hint that serious problems lie ahead. What I can't figure out is why it was bid up from March when it was 10, to July and August when it made it back above 30! What were the buyers thinking?

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