FORE Inc. Message Board

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Technology Stocks : FORE Inc.

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To: Dave Doriguzzi who wrote (9066)	8/26/1998 9:26:00 PM
From: TechAlive	of 12559

>Fore lost approx. $550 million in market cap on a $250 million >acquisition. Overdone in my opinion. Exactly what I was trying to say in earlier posts. In the worst case, if they paid $250M out and got zero, the stock should have dropped only $2.50/sh. I have to believe the company they bought is at least worth $100M, so IMO, the stock should reflect a $1.50 drop. Not this $5.50 loss we witnessed today. Fundamentals have not changed. Except maybe for the better. Bizarre reaction. I don't see shrinking revenues. The market is very touchy right now. A lot of burned money managers looking for any excuse to pull the trigger. This acquisition gave it to them. They decided to shoot first, and ask questions later. Tony

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