FORE Inc. Message Board

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Technology Stocks : FORE Inc.

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To: john dodson who wrote (9877)	12/7/1998 1:54:00 AM
From: jach	Read Replies (1) of 12559

Why FORE is 30-40$ stock ? FORE current 1999 estimate of 73c can potentually increase by about 25%. Why? because FORE is almost doubling its work force, and that measn FORE ha pretty good sales backlog already. It is not a big surprise as the ASX4000 as well as the Berekely switches are great products. Just the ASX4000 upgrade market is hugh based on FORE installed base of 2000 customers. So, 73c + 18c = 91c. This times very conservative 30% growth gives about 27$. But FORE should be at 35 to 40% growth and at 40% growth the price is at 36$. So, FORE between 30-40 is a reasonable target.

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