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

To: tonto who wrote (1767)	12/20/1997 6:46:00 AM
From: tonto	Read Replies (1) \| Respond to of 3441

Corrected News release: Friday December 19, 11:22 pm Eastern Time CORRECTED - U.S. judge issues injunction against Avant! Corp In SAN JOSE story headlined ''U.S. judge issues injunction against Avant! Corp'' please read in sixth paragraph ... Avant! was also ordered to notify all purchasers and licensees of ArcCell to either return the product to Avant! or destroy it. ... instead of ... Avant! was also ordered to notify all current and former licensees of Avant! products that are based directly or indirectly on Cadence's software code, instructing them to return or destroy the products... (correcting judge's order) Pls also read in seventh graf ... examine all of its place-and-route products ... instead of ... examine all of its renamed place-and-route products ... (Deletes word ''renamed''). A corrected version follows. SAN JOSE, Calif., Dec 19 (Reuters) - A federal judge dealt a legal victory Friday to Cadence Design Systems Inc (NYSE:CDN - news) by issuing a preliminary injunction against software designed by rival Avant! Corp (Nasdaq:AVNT - news). Both companies sell software that helps engineers design the intricate layouts of computer chips. Cadence sued Avant! in 1995 for allegedly stealing some of its copyrighted source code to create new software products, including ArcCell and its next-generation successor Aquarius. U.S. District Judge Ronald Whyte ordered Avant! to stop marketing, selling, leasing, licensing, copying or transferring any software product or work copied or derived from Cadence. ''This is a day of vindication for Cadence following a long and frustrating period of competing against our own technology in the marketplace,'' Jack Harding, president and CEO of Cadence, said in a statement. Whyte's order specifically singled out Avant!'s ArcCell, ArcCell BV, and ArcCell XO products on the basis that their code infringes on Cadence's copyrights. Avant! was also ordered to notify all purchasers and licensees of ArcCell to either return the product to Avant! or destroy it. Whyte gave Avant! until January 15, 1998 to allow Cadence's independent technical experts to examine all of its place-and-route products, including Aquarius and Apollo, the next-generation software due to be launched in January. Judge Whyte said he will also decide in the coming weeks whether there is enough evidence to support extending the injunction to cover Aquarius. Matt Lifschultz, a spokesman for Avant!, disputed Cadence's claim that it had notched up a victory. ''I don't believe it was a victory for them at all,'' Lifschultz said. ''Cadence was asking for an injunction against Aquarius, which the judge did not order at all.'' Lifschultz also said the ruling affecting ArcCell would have minimal effects on Avant!'s revenues because the company no longer manufactures or sells that product.