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Technology Stocks : FORE Inc.

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To: Glenn D. Rudolph who wrote (2459)	4/18/1997 9:42:00 PM
From: Proud_Infidel	of 12559

I am getting concerned about the new earnings estimates even for fiscal 98. There is no growth in the estimates as revised. Is ATM expected to die? COMS said in their last earnings report that high-end ATM was one of their bright spots. Cascade recently said something similar. At the same time FORE, the leader in ATM, is getting its FY98 forscasts slashed nearly in half across the board. How does one reconcile these two facts? Are the analysts, after being firightened by recent events with SHVA, COMS, FORE and the like, indiscriminately slashing forecasts? Has their excessive optimism of the past few years now turned into unwarranted fear of the future rate of growth? My guess from their stated numbers is it has to be. Earnings are projected to fall from FY97 to FY98?!? I would appreciate any light anyone could shed on this. I am currently in the dark and in the red with FORE. BK

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