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Technology Stocks : FORE Inc.

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To: Munificent Gnome who wrote (3313)5/24/1997 2:39:00 PM
From: Glenn D. Rudolph   of 12559
 
Assuming 0.09/share this current quarter (flat), the new revised estimate for current fiscal year stands at 0.43/share, vs. 0.51 estimated by First Call (updated May 22nd). Yoshida, I believe we are going to see the consensus estimate revised down to the low fortys. It is my humble opinion that fORE should not continue and try to go it alone. Companies want one stop shopping and FORE cannot do it. I do not have a lot of faith in the analysts estimates, however. The sad part is the market reacts to them. My thoughts were with my money. I sold all my shares of FORE but left the remaining naked puts. I have lost more money on FORE than with any other security so I am moving on. Management is not moving with the current market trend. Until management sees a future in being aquired, I am leaving FORE alone. Glenn
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