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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Jon Stept who wrote (19753)3/25/1999 10:40:00 AM
From: kathyh  Read Replies (2) of 90042
 
I wondered, too, spoke with John Costello last night, editor of Computer World, Mark Jones boss, said they were having problems with that link, have been inundated with calls...

he emailed me a copy of the article to verify it's legitimacy...

----- Original Message -----
From: John Costello <John_Costello@idg.com.au>
To: XXXX
Sent: Thursday, March 25, 1999 1:17 AM
Subject: Kathy - your article

>
>
>
> Posted March 24 19:39 GMT
> Category: Industry News, Networking, Telecommunications
> Ericsson Rumored Close to Fore Buyout
> By Mark Jones
> Network World Today (Australia)
> SYDNEY (03/24/99) - Telecommunications giant L.M. Ericsson Telephone Co. is
> rumored to be close to acquiring backbone data networking specialist Fore
> Systems Inc.
>
> Local Fore officials confirmed mounting industry suspicions the company is
> in play, reporting around 43 million of its shares have moved over the last
> few days. The company typically trades around one million shares a day.
>
> One senior Fore executive who didn't want to be named told Network World
> Today, "I'd say that the rumor has got a lot of substance to it."
>
> However, he doesn't believe the rumored buyout will occur until early
> April.
>
> "If we start releasing our results a couple of days into April, then you'll
> know something's going on," he said.
>
> Ericsson officials did not respond to interview requests by this morning's
> deadline.
> Desk edit by: Clare Haney
> Copy edit by: Clare Haney
>
> Copyright 1999 Network World Today (Australia), International Data Group
> Inc. All rights reserved.
> EDITORS: Direct your questions, suggestions or comments on this or any IDG
> News Service story, procedure or technology to the Boston newsroom by
> clicking the link at the top of this article. Or call the news desk at
> +1-617-303-7841 ; fax +1-617-423-0240. We welcome all input.
>
>
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