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Technology Stocks : FORE Inc.
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To: Rick who wrote (9206)10/1/1998 9:48:00 PM
From: Wheats   of 12559
 
Does anyone understand Fore's explanation for shortfall. A flood of new orders at the end of the quarter does not seem to support falling so short of anticipated earnings and sales. The shipments necessary to meet expectations would have been known long before that

Rick, Haven't you ever worked for a company where shipments are skewed toward the last week of the last month of a quarter? Maybe you think you might be short, but are hoping to pull a rabbit out of the hat the last minute. Sometimes you make it; sometimes you don't. I've been there many times. Don't blame FORE, I'm sure they gave it their best. So, the revenue is light, big deal, its not like there are major problems that require restructuring charges and losses. Stock over reacted. Don't know were the bottom is, but probably not far from here. BTW I bought some today.
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