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Technology Stocks : FORE Inc.
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To: Nandu who wrote (11523)4/4/1999 8:39:00 PM
From: DGG  Read Replies (1) of 12559
 
I agree that all the stories seem to be citing the CURRENT valuation of FORE and not a projected bid.

However, on the second point, XYLN was a different kind of case. Remember, Alacatel was their only substantial customer and therefore the only company which made sense to own them. FORE is attractive to more than one company because of its technology, product line and customer base. To me that's a good thing. Take a look at the way VLSI is trading right now with a $17 bid on the table from Philips. The company said no way and is in talks with other companies who are interested in them. (for those unfamiliar with that one and who don't want to go check it out, VLSI closed at 19 3/4 on Fri).

I cannot believe FORE will not be taken by someone in the not-too-distant future. Usually I just buy options, but I am holding stock on this one and will keep doing so until the deal is announced OR FORE gets itself back to a reasonable valuation on its own.

Good luck to all, whether in or out.
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