( ESNUG 384 Item 1 ) -------------------------------------------- [12/06/01]
Subject: One Wall Street Guy's Thinking On The Synopsys/Avanti Merger
From: "Paul Meeks" <Paul_Meeks@ml.com>
I like the tech fit, but it's very controversial because of the past
criminal activity at AVNT. That's why SNPS's stock got hit (although it
also got an assist from the lowering of this year's financial guidance).
Since CDN collapsed yesterday, too, it might be the better buy without
the merger integration risk. I think that these two EDA big boys, SNPS
and CDN, are interchangeable investments, and you buy and sell them based
on relative valuation.
- Paul Meeks
Meryll Lynch
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