Mostly Optimistic Advent Frets Over Geneva In IPO
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San Francisco-based Advent Software Inc., seller of the Microsoft Corp. Windows-based Axys portfolio management and accounting system, has issued a preliminary prospectus for the public offering of 2 million shares of its common stock. As part of the routinely optimistic red herring, Advent emphasized its continuing concerns regarding the still-not-ready-for-prime-time high-end Geneva system. The vendor, which logged 24 percent growth in revenues last year, expects its stock to begin trading at
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