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Strategies & Market Trends : Trader J's Inner Circle

NVDA 180.19

+1.3%

Nov 26 3:59 PM EST

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To: Tony B who wrote (3176)	1/5/1999 11:18:00 AM
From: Tony B	Read Replies (1) of 56535

(S) AVNT - Here's the News - I think this would be the reason for the recent runup... "SAN FRANCISCO, Calif. (Reuters) - A U.S. district judge has ordered bitter rivals Avant! Corp. (Nasdaq:AVNT - news) and Cadence Design Systems Inc. (NYSE:CDN - news) to meet in an effort to help the companies resolve their long-standing patent disputes. ''The court believes that such a session could be productive since the parties have now received the court's preliminary injunction rulings and the parties would benefit from resolving their dispute without further delay and expense,'' Judge Ronald Whyte of the U.S. District Court in San Jose, wrote in his order dated Dec. 29. Both companies make software that helps electrical engineers design computer-chip circuitry. Avant, formed in 1991 by four Cadence engineers, was slapped with a lawsuit Cadence filed in December of 1995, alleging that Avant had based its flagship software product on computer programming code stolen from Cadence products. Since then, the companies have been going back and forth with countersuits and accusing each other of improprieties. On Dec. 16, the Santa Clara County Criminal Grand Jury handed up an indictment charging Avant and eight individuals with offenses stemming from the original allegations. An indictment is neither a conviction nor a determination of guilt or innocence; rather, it brings a case to trial." llater, Tony B

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