Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: zora who wrote (5033)	1/19/1999 7:44:00 AM
From: Tony B	Read Replies (1) \| Respond to of 56535

(S) AVNT - News - Supervised Mediation in Avant!-Cadence Case to Begin on February 15, 1999; Trial Date Set for October 12, 1999 "FREMONT, Calif., Jan. 19 /PRNewswire/ -- The Avant! Corporation (Nasdaq: AVNT - news) was notified today by the United States District Court in San Jose that a trial on selected portions of the Avant!-Cadence civil dispute has been scheduled to begin on October 12, 1999. Avant! and Cadence also informed the court today that they had agreed upon a retired judge to supervise mediation talks between the two parties. The mediation will begin on February 15, 1999. "On December 29, 1998, the court ordered the parties to immediately schedule a settlement conference or mediation to attempt to informally resolve this action. Should a trial be necessary, the court scheduled the trial to begin on October 12, 1999. The trial is expected to last approximately six weeks. The trial will not be on all issues contained in the civil suit, but only on those issues that the court ruled are not covered by a previously imposed stay. "The court also extended the stay it had previously put upon the related shareholder lawsuits stemming from the allegations in the Avant! -- Cadence dispute and directed that mediation or settlement conference begin in those cases as well. " I'm not too sure how the stock will respond to this. The civil case is a long way off, which could worry some, but I think more people are excited about the mediation (with the slim possibility of a settlement). Put my guess down as a point and a half increase. g JMHO, of course... llater, Tony B