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To: Redhook who wrote (21330)	9/9/1999 10:06:00 AM
From: AlienTech	Read Replies (2) \| Respond to of 43080

WOW UNFY! the dead moves.. DJ Unify Extends Certification Partnership With Red Hat SAN JOSE, Calif. (Dow Jones)--Unify Corp. (UNFY) extended its partnership with Red Hat Software, a unit of Red Hat Inc. (RHAT), by certifying its two newest products, Unify eWave Engine and Unify WebNow!, for Red Hat Linux 6.0. In a press release Thursday, Unify said WebNow! is a Web-page engine that provides Wed access to databases and eWave is a Java-application server. Red Hat develops open-source software and services. Unify Corp. develops client/server application development tools and database-management software products. -Charlie Dougiello; 201-938-5388 (END) DOW JONES NEWS 09-09-99 08:19 AM DJ Hot Stocks: HKT MDV AVNT UNFY Company Company News - - Cable & Wireless HKT Formed pact with Cisco (CSCO) 24 1/2, Up 2 11/16 to provide Internet services 12.3% Gain in Hong Kong. 87,800 Shares (HKT) - - Medeva PLC Is in merger talks with Elan 11 5/16, Up 1 1/8 Corp. (ELN) reported the WSJ 11% Gain citing people familiar with the 97,900 ADRs situation. (MDV) - - Avant! Court ruled Cadence Design (CDN) 21 3/4, Up 7 can't receive punitive damages 48% Gain from Avant! in a copyright 1.1M Shares infringement case. (AVNT) - - Unify Extended its partnership with 19 3/4, Up 3 a Red Hat (RHAT) unit by certifying 18% Gain its two newest products for Red Hat 2.9M Shares Linux 6.0. (UNFY) - - (END) DOW JONES NEWS 09-09-99 10:03 AM Unify Receives 'A' Rating from Red Chip Review; Strong Financial Performance Gives Unify Highest Possible Rating SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 31, 1999--Unify Corporation, a leading provider of software solutions for e-commerce, today announced that it has received an "A" rating by the Red Chip Review, a small-cap research publication. Red Chip Review Analyst Alan Davis upgraded Unify from a strong "B" rating to its present "A" rating, only one month after initiating coverage on Unify stock. "By building on its shrewd Internet strategy, Unify's advantage in the e-commerce market should keep its profits growing for years to come. Unify's products have broad market potential and benefit competitively from their high-end functionality and ease-of-use," said Davis. "The potential price appreciation of earnings per share (EPS) along with the company's stellar first quarter 2000 financial performance, validates our upgrade to an "A" rating." Unify provides industry leading software solutions for creating Internet and e-commerce applications quickly and cost effectively. The company recently announced its new flagship product, Unify eWave Engine, a high-performance Internet application server that has the power to run the most robust e-commerce applications and web portal sites. Unify eWave Engine supports Sun Microsystem's Java 2, Enterprise Edition (J2EE) standard platform including Enterprise JavaBeans (EJB). Unify was the first company to announce its Java application server would support all three leading operating systems -- Windows, Linux and UNIX. "Unify is aggressively moving forward to capitalize on the growing Internet and e-commerce market by enabling customers to deliver their Internet and e-commerce solutions to market swiftly and cost effectively," said Reza Mikailli, president and chief executive officer of Unify. "We are pleased to receive this upgraded rating from the Red Chip Review. This reflects our recent financial performance and our growing revenue and earnings momentum." A free Internet trial subscription to The Red Chip Review is available at www.redchip.com About The Red Chip Review The Red Chip Review is the nation's leading source of information on small-cap stocks, providing in-depth research and analysis through a variety of formats, including a popular biweekly publication and several online services. Typically, companies followed by The Red Chip Review are undervalued and under followed. Yet they show exciting promise. Because they're smaller, they're usually more nimble companies, often in their early stages of development. They tend to be fast-growing, produce a new product or service, or in some way have a unique story. About Unify Corporation Unify Corporation is a leading provider of Internet application server solutions that enable businesses to deliver their Internet and e-commerce applications quickly and cost effectively. Unify's professional services organization provides a full range of services to help customers successfully deliver their application initiatives. Unify's product line includes the Unify VISION, Unify eWave, Unify WebNow!, ACCELL/SQL and the Unify DataServer product families. Headquartered in San Jose, California, Unify has direct sales offices throughout North America, Europe and Japan, with a global network of distributors, OEMs, and over 400 vertical application partners delivering software solutions to millions of users in telecommunications, financial services, healthcare, commercial industries and government agencies. Unify product and service information is located on the World Wide Web at unify.com CONTACT: Unify Corporation Deb Thornton, 408/451-2000 or The Red Chip Review Linda Meyer, 503/417-2243 06:04 EDT AUGUST 31, 1999

To: Redhook who wrote (21330)	9/9/1999 10:12:00 AM
From: AlienTech	Respond to of 43080

Avant! Completes Acquisition of Chrysalis Symbolic Design FREMONT, Calif., Sept. 8 /PRNewswire/ -- Avant! Corporation (Nasdaq: AVNT) announced today it has completed its acquisition of Chrysalis Symbolic Design, Inc., the market leader in formal verification technology in the electronic design automation (EDA) industry. The addition of Chrysalis' formal verification technology makes Avant! the leader in critical technologies necessary to address next-generation logic design verification challenges. As a result of the merger, Avant! has formed its new front-end division, which combines Chrysalis with Avant!'s Logic Business Unit. The new division will develop and market register transfer level (RTL) and logic design and verification tools. Chrysalis' equivalence checker, Design VERIFYer, will be integrated into Avant!'s Apollo, Saturn and Jupiter software solutions. "We welcome the people and technology of Chrysalis into the Avant! family," said Gerald C. Hsu, Avant!'s chairman, president and CEO. "The addition of Chrysalis complements our leading-edge SinglePass design solution and allows the full capabilities of formal verification to be realized as the key component of a verification flow. Integrated circuit (IC) designers will now have a front-to-back solution for the next generation of high-performance, very deep submicron designs. Chrysalis' unique technology clearly complements Avant!'s leading SinglePass methodology. With this merger, we can provide the most advanced formal verification technology available in the marketplace, and the solution to the verification and design reuse challenges for tomorrow's 10 million-plus-gate designs." The acquisition of Chrysalis continues the strong relationship that Avant! and Chrysalis initiated with a joint marketing agreement earlier in the year to serve the companies' common customers, including Advanced Micro Devices, Ericsson, Fujitsu, Hewlett-Packard, IBM, LSI Logic, Sun Microsystems and Texas Instruments. About Avant!'s front-end division Avant!'s front-end division is the premiere supplier of software products that use formal methods to automate the design of advanced digital integrated circuits. The division's formal design and verification tools include Design VERIFYer(R) formal equivalence checking software, Design EXPLORE(TM) interactive formal debugging software, and the new Design INSIGHT(R) formal model checking products. Furthermore, the division's Nova and Polaris series of design productivity tools provide additional static and dynamic techniques to speed design verification and enable design reuse. About Avant! Avant! (pronounced ah VAHN tee) Corporation develops, markets, and supports integrated circuit design automation (ICDA) software for the design of deep submicron ICs including microprocessors, microcontrollers, application-specific standard products (ASSPs) and complex application-specific integrated circuits (ASICs). Avant!'s product offering and chip design methodologies cover Design Authoring, process characterization, circuit simulation and analysis, HDL simulation, formal verification, floorplanning, physical design and VDSM optimization, interconnect parasitic extraction, timing simulation and physical verification. Avant! also provides physical foundation IP libraries for integrated circuit design. Avant!'s tools support hierarchical design methodologies as well as incremental design changes in all phases, and they offer the capacity needed for multi-million transistor devices. The company is headquartered in Fremont, California, with sales offices worldwide. Telephone: 510 413-8000. Fax: 510-413-8080. Worldwide web: avanticorp.com. NOTE: Avant!, Apollo, Jupiter, Nova, Polaris, Saturn and SinglePass are trademarks of Avant! Corporation. Chrysalis, Design EXPLORE, Design INSIGHT and Design VERIFYer are trademarks of Chrysalis Symbolic Design, Inc. All other company and product names mentioned herein are trademarks or registered trademarks of their respective owners and should be treated as such. NOTE: Attached please find selected unaudited pro forma consolidated financial information restated for the mergers of Xynetix Design Systems, Inc. and Chrysalis Symbolic Design, Inc. with Avant! Corporation and accounted for under the pooling-of-interest method of accounting. The company expects to take a charge in the third quarter of 1999 relating to merger expenses of the two firms. The amount of the charge is still being determined. The statements contained herein that are not purely historical are forward looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. Forward-looking statements include statements regarding future sales, market growth and competition. All forward-looking statements included in this document are based upon information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward-looking statement. Actual results could differ materially from the Company's current expectations. Factors that could cause or contribute to such differences are set out in the Company's 10-K for the period ending in December 31, 1998 and the Company's 10-Q for the quarter ending June 30, 1999. Both forms are filed with the Securities and Exchange Commission. AVANT! CORPORATION SELECTED UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL INFORMATION RESTATED FOR MERGERS* (in thousands, except per share data) (unaudited) Three Months Ended Twelve Months Ended March 31, June 30, Sept. 30, Dec. 31,Dec. 31, 1998 1998 1998 1998 1998 Total Revenue 56,903 59,652 63,406 68,369 248,330 Net Income (Loss) (446) 11,416 11,641 787 23,398 Earnings per share - Diluted: Earnings (Loss) per share $(0.01) $0.29 $0.31 $0.02 $0.61 Total weighted average number of common and common equivalent shares outstanding 36,401 39,372 38,155 38,246 38,452 Three Months Ended Six Months Ended March 31, June 30, June 30, 1999 1999 1999 Total Revenue 71,679 75,350 147,029 Net Income 14,089 14,124 28,213 Earnings per share - Diluted: Earnings per share $0.35 $0.36 $0.71 Total weighted average number of common and common equivalent shares outstanding 40,557 39,334 39,946 * Restated for the mergers of Xynetix Design Systems, Inc. and Chrysalis Symbolic Design, Inc. with Avant! Corporation and accounted for under the pooling-of-interest method of accounting. AVANT! CORPORATION SELECTED UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL INFORMATION RESTATED FOR MERGERS* EXCLUDES MERGER EXPENSES (in thousands, except per share data) (unaudited) Three Months Ended Twelve Months Ended March 31, June 30, Sept. 30, Dec. 31, Dec. 31, 1998 1998 1998 1998 1998 Total Revenue 56,903 59,652 63,406 68,369 248,330 Net Income 10,301 11,416 11,641 12,055 45,413 Earnings per share - Diluted: Earnings per share $0.27 $0.29 $0.31 $0.32 $1.18 Total weighted average number of common and common equivalent shares outstanding 38,033 39,372 38,155 38,246 38,452 Three Months Ended Six Months Ended March 31, June 30, June 30, 1999 1999 1999 Total Revenue 71,679 75,350 147,029 Net Income 14,089 14,124 28,213 Earnings per share - Diluted: Earnings per share $0.35 $0.36 $0.71 Total weighted average number of common and common equivalent shares outstanding 40,557 39,334 39,946 * Restated for the mergers of Xynetix Design Systems, Inc. and Chrysalis Symbolic Design, Inc. with Avant! Corporation and accounted for under the pooling-of-interest method of accounting. /CONTACT: Clayton Parker, Corporate Communications, Avant! Corporation, 510-413-8011/ 03:00 EDT

To: Redhook who wrote (21330)	9/9/1999 10:13:00 AM
From: AlienTech	Respond to of 43080

=DJ TALES OF THE TAPE: Cadence's Bitter Pill Might Heal Co. By Maria V. Georgianis NEW YORK (Dow Jones)--The bitter pill that Cadence Design Systems Inc. (CDN) swallowed earlier this year by changing how it sells software in order to make its revenue more predictable may be just what the doctor ordered. But people are divided about how quickly its depressed stock will recover. In addition to the revenue and earnings declines that its new software-sales policies unleashed, Cadence faces more challenges to defend its turf from rivals and new entrants in the chip-design software market. And it's still is trying to create a stable corporate culture two years after the resignation of legendary Chief Executive Officer Joe Costello, said Gary Smith, an analyst with market research firm Dataquest Inc. However, prospects of heightened spending for Cadence's type of products and progress in its transition to subscription sales could move the stock north to 20 a share in 12 months, according to BancBoston Robertson Stephens analyst Arnab Chanda. The stock has been trading near its 52-week low of 9 3/16 set Aug. 11 and at a five-year valuation low, before Chanda upgraded it to a buy from long-term attractive Tuesday. The stock closed Wednesday at 13 1/2. When the stock was below 12, "it looked enticing to upgrade it on a 'too cheap' basis," said Credit Suisse First Boston analyst Erach Desai. But Desai said he wants to wait to see clear signs of a turnaround before recommending it. The stock may see a catalyst in the fourth quarter with "potentially stronger bookings momentum and the adoption of newer products," the analyst said. Over the long-term, Wall Street is giving Cadence the benefit of the doubt. "They are likely to remain a major factor in the EDA industry," said Merrill Lynch & Co. analyst Jay Vleeschhouwer. "They have a substantial installed base and set of technology and reach into the marketplace." Chip-Design Software Industry More Competitive Cadence is a leader in the $2.6 billion market for electronic-design automation, or EDA, software, used to create the integrated circuits and electronics in telephones, computers and other devices. It held a 27.5% share last year - at least 10 percentage points ahead of its nearest rival Synopsys Inc. (SNPS). The company isn't likely to drop out of first place and is "technically stronger than they've been for a long time," Smith said. Still, the company has been losing ground to Synopsys, Avant Inc. (AVNT) and Mentor Graphics Inc. (MENT) in their respective EDA segments and is no longer dominant in those areas like it was in the early 1990s, he said. And in Cadence's stronghold of physical-design software, there's more competition emerging from well-regarded upstarts such as Magma Design Automation and Monterey Design Systems, and from Synopsys as well. The EDA industry is growing at about a annual 15% rate, but it can accelerate to 20% or greater as customers begin buying software to design systems-on-a-chip and chips at 0.18 micron or smaller in size, said Cadence Chief Executive Ray Bingham. "The story is more about the growth that's coming than the growth that's currently happening," he said. Less than 20% of chip designs currently, for example, are being attempted at 0.18 micron or smaller, Bingham noted. "Over the next two or three years there will be a rapid rate of adoption (of new software)," he said. Cadence has been shipping software for these new design requirements and is expected to pick up the pace over the next few quarters. "The products that will be released in Q4 and the first half of next year are on schedule and generating excitement about industry analysts and customers alike," Bingham said. Despite the market's growth, Cadence's emphasis on subscription sales is depressing revenue. That's because in subscriptions, Cadence places sales on its books on an evenly divided basis over the length of the contract. In other types of sales, the company accounts for most of the software revenue upfront. Software revenue comparisons will be difficult for a while because the reported revenue will be contrasted to quarters with few subscription sales. Cadence doesn't expect year-over-year software revenue growth until 2000's second quarter. Wall Street expects Cadence's 1999 revenue is be at least 15% below 1998's $1.32 billion and for 2000 revenue to be about flat with 1998. Prior Type Of Software Contract Saturated Mkt Last year, the company's total revenue rose by 33%, or more than double the total market's growth. Cadence boosted its revenue by promoting three-year software contracts that were deeply discounted. It ended up saturating its market because the contracts were longer than customers' product-design cycles required. That ended up costing Cadence sales because it lowered incentives for customers to buy more. "We grew our product business faster than what was sustainable," Bingham said. These three-year contracts were coming during a tough time for the chip sector. Customers needed enticements to buy, and Cadence made it easier by allowing them to pay for the software gradually and by financing deals. At the same time, Cadence immediately counted the product it sold under these three-year contracts as revenue, even though the software was paid for over three years. The impact was near-term revenue growth was overstated, analysts said. Cadence reassessed the situation and began emphasizing subscription licenses. When it reported its second quarter last month, Cadence said 1999 earnings would be worse than already lowered estimate because of its shift to subscriptions. Earnings had previously been reduced because of weakness in services and product sales. The consensus 1999 earnings view is 30 cents per share, and the 2000 view is 36 cents, according to First Call/Thomson Financial. In 1998, the company reported $1.18. Making Progress With Subscription Bookings Cadence has been making progress on transitioning its products bookings towards subscriptions, said BancBoston's Chanda, citing that as a reason he upgraded the stock. By the end of this quarter, Cadence has told analysts that it should generate at least 30% of its bookings from subscription licenses, up from 10% in the second quarter. By the first quarter of 2000, Cadence is likely to have one quarter's worth of bookings from subscriptions, Chanda said. Cadence plans to disclose how much product backlog it is building when it reports its third-quarter results on Oct. 19. The chip-design software sector as a whole has been experimenting with different ways of selling software. Generally, companies have been moving to shorter contracts that suit customers' faster chip-design cycles. Companies have been trying to lessen their reliance on so-called perpetual sales that give a customer a "99-year" right to use the software. These contracts lower the incentive for customers to upgrade the product until their existing software costs are depreciated, said Merrill's Vleeschhouwer. Under subscriptions, which act like rentals, there is no depreciation and thus more of an incentive to stay current with the quickly changing software, he said. Cadence hopes to generate one-third of its revenue from subscriptions, another third from a new two-year contract, and the final third from perpetual sales. It hopes to convert customers who signed three-year contracts to subscription sales, as these contracts expire next year. Other chip-design software companies already have gone through this transition. When Synopsys began transitioning to subscription sales two years ago, it's growth had initially slowed and the stock struggled, said Credit Suisse's Desai. Even if Cadence's sales last year had risen at a more "normal" rate of growth, or between 15% to 20%, it's still likely that this year's revenue may have decelerated, Vleeschhouwer said, noting that Cadence has need to upgrade its products. Now, Cadence is technically competitive with its rivals, said Dataquest's Smith "If they can stabilize and pull their sales force back together,' he said, "those guys are sharp enough to full the holes to start the growth up again." - By Maria V. Georgianis; (201) 938-5244; maria.georgianis@dowjones.com (END) DOW JONES NEWS 09-02-99 02:00 PM