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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Bocor who wrote (4749)	7/26/2001 9:29:03 AM
From: XBrit	Respond to of 6873

re AVNT: I was surprised too. I think the panic drop the last hour was caused by a comment that the company would make a statement about the future of the CEO (Hsu). They did make it last night, he's sorta kinda stepping aside. But he's staying as chairman of the board and "chief strategist", and the new guy gets the title of president but NOT CEO. My guess is that Hsu will continue to call the shots in all but name. The final tally of $195M restitution is actually lighter than I expected (given Cadence's huge interest demand... I guess most of that got thrown out). Avant! can definitely pay it. But I don't know how the market will react to the CEO news today.