Revenue for the second quarter of fiscal 1999, based on a preliminary analysis, will be between $141 million and $143 million, compared to last year's second
quarter revenue of $109.7 million. Net income is expected to be between $9.3 million and $10.9 million and earnings per diluted share is expected to be between
$.09 and $.10, as compared to net income of $7.0 million and earnings per diluted share of $0.07 reported in the second quarter of fiscal 1998. This preliminary net
income estimate does not include the write-off of purchased in-process research and development expenses and the related restructuring charges associated with the
acquisition of Berkeley Networks announced during the quarter. Once included, the net loss for the quarter is expected to be between $1.70 and $1.90 per diluted
share.
Commenting on the preliminary results for the second fiscal quarter, Thomas J. Gill, FORE's President and CEO, said, ''Although bookings are at record levels and
well ahead of industry growth rates, we are disappointed that revenues are below analysts' expectations. We still remain encouraged by the growth opportunity for
our high-end switching solutions in both enterprise and service provider networks.'
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although not meting expectations, the result is quite good compared to yr ago, 35% growth for revenue and profit
Also, record bookings which will be good for next qtr
If FORE drops substantially it'll be great buying opportunity
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