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Short Take: Avant to beat expectations

Avant said its results for the first quarter of fiscal 1998 will exceed Wall Street expectations of $49.26 million in revenue and earnings of 31 cents a share. The developer of integrated circuit design automation software saw its stock jump as much as 21 percent on the news. A spokesman said the company is "very bullish on the strength of the business."

Avant said its results for the first quarter of fiscal 1998 will exceed Wall Street expectations of $49.26 million in revenue and earnings of 31 cents a share. The developer of integrated circuit design automation software saw its stock jump as much as 21 percent on the news. A spokesman said the company is "very bullish on the strength of the business."