Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (1808)	6/27/2001 12:07:43 PM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

Mentor Graphics Down -2: Shares Hit 52-Week Low >MENT By Maxwell Murphy Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Mentor Graphics Corp. (MENT) shares hit a 52-week low for a second consecutive session Wednesday after Merrill Lynch & Co. issued a cautious note on the technical and design software sector. In his research note, "Discretion is the Better Part of Valor," analyst Jay Vleeschhouwer said Merrill is concerned about part of Mentor's business in light of Synplicity Inc.'s (SYNP) late Tuesday warning that 2001 revenue gains would be below earlier expectations. About one-fifth of Mentor's revenue is generated from the sale of design tools for field programmable gate array, or FPGA, chips. That part of the business is called into question by Synplicity's warning. Vleeschhouwer also downgraded shares of Cadence Design Systems Inc. (CDN) and Synopsys Inc. (SNPS), citing Synplicity's and other recent preannouncements from some semiconductor and related companies. Cadence, Synopsys, Synplicity and Mentor Graphics all make software that aid in the development of semiconductors and circuits. Mentor Graphics stock recently changed hands at $16.24, down $2.31, or 12.5%, on volume of 3.1 million shares. Average daily volume is 1.2 million. The shares traded as low as $15.71 earlier Wednesday. The previous 52-week low of $16.65 was set Tuesday. A year-high of $33.63 was set Jan. 23. Synplicity shares were down 17.6%, to $11.53. Meanwhile, Cadence was off 4.1%, to $18.85, and Synopsys was down 9.4%, to $46.04. (MORE) DOW JONES NEWS 06-27-01 12:07 PM * end of story *