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Technology Stocks : Cadence Design Systems -- Ignore unavailable to you. Want to Upgrade?

To: NewGun who wrote (223)	4/26/1998 2:04:00 PM
From: Sonki	Respond to of 668

AVANT! CORP (AVNT) 25 7/8 +7. Both investors and Wall Street are speculating that an injunction against the company's new Aquarius product is less-likely after a judge met with the lawyers of Avant! and Cadence yesterday and reportedly set higher standards for injunction of AVNT's latest line of computer-aided design software. Cadence sued Avant! three years ago alleging that the company had stolen trade secrets. Then, last year, the the Santa Clara County district attorney's office entered the mix and directly charged the company's CEO with the very same crime. In September of 1997, a federal court reversed a lower court ruling that allowed Avant! to continue to sell its ArcCell product software which Cadence Design Systems claimed infringed on its copyrights. While Avant! no longer sold the ArcCell product, investors were concerned that the appeals decision could have repercussions on its Aquarius software product which the judge recommended the lower court also prevent Avant! from selling. Today, AVNT shares were boosted after a Wessels Arnold said a preliminary injunction against the Aquarius product line appears less likely. While "less likely" is a positive, the fight between Cadence and Avant! is far from over. Even if the product is not enjoined immediately, there is a possibility that the action could occur at a later date. (perhaps, this news caused decline in the CDN stock price?)