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Technology Stocks : Avant (AVNT)

AVNT 30.52

0.0%

Dec 16 3:59 PM EST

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To: vegetarian who wrote (1838)	12/25/1997 11:07:00 PM
From: Brad Davies	Read Replies (1) of 3441

MC The institutional ownership doesn't concern me in the least. I have met some "institutional fund managers" and they are not as astute as one might expect. In fact, I think that if the masses ever met the people they entrust with their money, they would pull their money out of some of these funds quickly. People buy into a name like Fidelity, and have no idea what kind of person is going to be making decisions with their retirement dollars. Without these idiots, though, we wouldn't be able to short at these levels. They are a blessing in disguise. With respect to Avant specifically, if you thought that the litigation would not have a material impact on them, then they are a buy at these levels based on earnings and growth. To be short, you have to believe that they will be badly hurt in the litigaion. I do. Best of luck, Ron

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