Table: A Case of Purloined Programming


Stephen Wuu and three others leave Cadence to start ArcSys, the predecessor to Avant! Wuu departs with a tape drive containing 30,000 lines of the Cadence's database code, say prosecutors.


Avant! begins selling "place-and-route" software using the Cadence code.


Gerry Hsu bails out of Cadence to join Avant!

MAY '95

Avant! raises $31 million in IPO.


In a raid of Avant!'s campus on Dec. 5, the DA and FBI find 40 gigabytes of computer files containing Cadence code.


District Attorney Julius Finkelstein brings criminal charges against Avant!, Hsu, and six associates. He charges the company with three separate acts of theft.


With its acquisition of Analogy Inc., Avant! ends a 13-company, $230 million acquisition spree that has expanded its product line beyond the software that included purloined code.

JULY '01

Avant! is ordered to pay $230 million in criminal penalties, and four former executives go to jail. The stock price plummets, but Hsu escapes jail time and the company pays his fine.

Before it's here, it's on the Bloomberg Terminal.