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Technology Stocks : FORE Inc.

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To: Joseph A. Aboaf who wrote (9453)	10/17/1998 1:10:00 AM
From: jach	Read Replies (5) of 12559

-FORE info- With ASX4000 strength and addition from Berkeley systems FORE next yr estimate, imo can be between 90c to 1.00$. Based on conservative 35% growth rate, FORE should be at around 32-35$. Now if we count the possibility of an acquisition, the current price is a big bargain. FORE sales next yr can be closed to 1B$ and with only around 1B mkt cap FORE is a big temptation to be gobbled up. Just 3 times sales (which is very cheap, look at Yurie price) should fetch minimum 30$. IMO, FORE is still a strong buy, Needham just upgraded it and it has still a long way to go upward. The next wave of network computing is applications' aware networking based on Windows NT 5.0. Most of the analysts and investors do not understand nor have much clue about this future trend that is coming soon. Applications will more closely tie to the NT5.0 and together with the support of Berkely switches connected over FORE WAN backbone applications can request specific QoS. There are many uses for this that can generate new services for SPs: examples are: real-time video theatre for medical review and related training, Web Servers load balancing and content mirroring over WAN, IP Telephony, desktop realtime video-based training where students can join in and participate to any one of the multicast training sessions; and many many more. SPs can not just survive with 19$ for 24 hrs Internet connection for home users; the big revenue stream is these types of services for corporations. FORE is now well positioned for this explosive growth area. Notice FORE is already very strong in the Enterprise area and this will put them firmly in place as a premier provider of large and medium corporate network market.

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