SI
SI
discoversearch

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.
Technology Stocks : Quickturn (QKTN) -- Ignore unavailable to you. Want to Upgrade?


To: Trey Yon who wrote (193)12/30/1997 12:54:00 PM
From: Trey Yon  Respond to of 251
 
<Synopsis Centipede drops a shoe>
Electronics design automation software company Synopsys Inc. (Nasdaq:SNPS - news) fell $2 21/32 to $36 13/16 after advising analysts (apparently hoping that the news will somehow trickle down to their individual and otherwise non-institutional investors) that it thinks Q1 EPS estimates of $0.43 are too high. According to Reuters, SoundView lowered its rating to "short-term hold" from "short-term buy" after the company said it "...moved some Viewlogic [an acquired company] revenues into backlog and managed the sales force transition." Cowen & Co. reiterated its "strong buy" rating on the shares this morning as Synopsys assured analysts that it believes the acquisition will be accretive to full-year earnings.