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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Alan Lee who wrote (7789)4/24/1998 2:19:00 PM
From: tonto  Read Replies (1) | Respond to of 18691
 
AVNT up on rumors only.

Friday April 24, 11:35 am Eastern Time

Avant! jumps on rumor of court ruling

NEW YORK, April 24 (Reuters) - Avant! Corp.'s shares rose sharply on Friday on rumors that a judge ruled Thursday the company could go ahead and market its Aquarius software product, an analyst following the company said.

Neither Avant! nor its rival Cadence Design Systems Inc. (CDN - news) had announced a ruling yet. Avant! has been battling Cadence in the courts for over two years over the right to market some of its
products.

Executives at Avant! and Cadence were not immediately available for comment Friday morning.

There has yet to be a comment by either company regarding a ruling. This one should fall.



To: Alan Lee who wrote (7789)4/24/1998 2:42:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 18691
 
Alan, no, just that it was oversold and the daytraders jumped on it in a herd. It's probably a good short here, I'm really not sure why anyone takes PLSIA releases seriously.

Barb