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Technology Stocks : FORE Inc.

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To: jach who wrote (10292)	1/26/1999 2:25:00 AM
From: jach	Read Replies (3) of 12559

FORE still BUY rating by BancBoston: BancBoston Robertson Stephens managing director and networking and telecommunications analyst Paul Johnson today reiterated his Buy rating and adjusted estimates on FORE Systems, Inc. (Nasdaq: FORE - news). FORE Systems, headquartered in Warrendale, Pa., is a provider of ATM switches, LAN switches and network interface cards used by corporations to build high-speed broadband networks. ''We are reiterating our Buy rating to reflect the results in the December quarter, with third quarter earnings of $0.10 per share on revenues of $158.7 million in line with expectations,'' said Johnson. ''Revenues in the quarter increased 12 percent sequentially and were up 30 percent year-over-year.''

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