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Technology Stocks : Avant (AVNT) -- Ignore unavailable to you. Want to Upgrade?

To: PMylnar who wrote (1576)	11/24/1997 6:53:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 3441

I saw a one line news statement that said Fidelity was selling tech stocks. Nothing specific but I read hear Fidelity has AVNT in some of the funds. In any case it's definitly not bullish for going long the stock.

To: PMylnar who wrote (1576)	11/25/1997 11:17:00 AM
From: Peter Bernhardt	Read Replies (1) \| Respond to of 3441

Given that AVNT purchased Compass very late in the 3q97, they received a negative boost to DSO's w/o any time to accelerate collections. According to Avant!'s 10-Q, $6.7 million of the purchase of Compass was allocated to current assets. Most likely, a significant percentage of this was A/R's, but I couldn't find an exact figure. The 8-K filing in regards to the merger (available on Edgar), refers to a Schedule 3.6 which would list the breakdown of A/R's at closing. Unfortunately, this schedule is not included in the 8-K. While we may disagree as to the significance of the increase in A/R's and DSOs last quarter, this remains an area to watch carefully. It provides the best early warning of financial problems at a company. Take care, - Peter B