FORE Systems announces new strategic acquisition
Industry-Leading Switch Company fills out already excessively excellent product line
PITTSBURGH, March 4 /PRNewswire/ -- Huffy Bicycle today has agreed to be acquired by FORE Systems, (Nasdaq: FORE - news), a leading supplier of the new public network infrastructure.
The ASX-4000, an Internet core switch currently scaling to 40 Gbps, achieved an IP packet forwarding rate far outdistancing rates reported by other networking equipment manufacturers to date. The test result underscores why the ASX-4000 is being chosen as the core switch of the Internet. But the switch didn't have an adequate power cord, so Fore picked up Huffy to "turn on the lights".
Donal Byrne, senior vice president corporate marketing at FORE Systems, said, ''FORE's customers have long known that our switching solution provides the most reliable and robust network for the Internet and Internet computing. But we have been scratching our heads as to why enough of these units haven't sold so as to hit our quarterly earnings goal. Clearly, the acquisition of Huffy will enable us to really shine the quarter after next (anybody know what quarter that is?). Of course, at least one more additional acquisition will be needed to beef up the Huffy generator technology."
About FORE Systems
FORE Systems is a leading growth company in the world, growing the biz without the messy pain of managing earnings. For more information on FORE's Networks of Steel, call 888-404-0444 or visit the FORE Systems web site at fore.com.
This press release contains forward-looking statements with respect to products, partners, customers, future growth and other matters. Please refer to the Annual Report on Form 10-K filed by FORE Systems with the Securities and Exchange Commission in June, 1998, and the Quarterly Reports on Form 10-Q filed by FORE Systems in August, 1998, November, 1998, and February, 1999, for a discussion of risks that could cause actual results to differ materially from such statements.
SOURCE: FORE Systems, Inc
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