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Technology Stocks : FORE Inc.

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To: Bald Man from Mars who wrote (9733)11/19/1998 12:24:00 AM
From: jach   of 12559
 
Buyout or no buyout, FORE is worth much more than 13. Assuming 40% growth and around 80c estimate next year, a fair price is 32$. Take some out of this for not being consistent and we should still have above 20$ for a fair price. Weak hands just got flushed out and we're into the blastoff stage now. Remember again, FORE hiring 1000 people very likely means that they've already had a large backlog of orders for thier products. Especially the ASX4000 with direct SONET WDM connect feature. Many telecom and SPs will put this box for their next generation network.

Also, the NT-based Berekley swiches may be getting very good acceptance in large Enterprises. Companies like Microsoft, NetScape, Yahoo, Amazon and many others need very high-pereformance switches that are closely integrated with the underlying operating systems, and that is NT for today. Have anyone seen how many Web Servers and Switches deployed in a typical web-server farm POP site. FORE NT-based switches will generate tons of revenues next year.
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