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Technology Stocks : FORE Inc.
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To: Paul Jamerson who wrote (9804)11/25/1998 2:19:00 AM
From: jach  Read Replies (1) of 12559
 
FORE can go as high as 43$. NT-based applications aware GBit switching products and the ASX4000 will very likely double the revenue for FORE for the next 12 months. The doubling of workforce somehow indicated that the majority of orders may have already been placed. What this means is that the earnings can go up to 1.25$ for the next 12 months and based on 35% growth rate we are looking at 43$. IMO, FORE will very likely be bought out within the next 12 months, and the price between 25 and 35.
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