FORE Inc. Message Board

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Technology Stocks : FORE Inc.

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To: Nicholas Rauch who wrote (12043)	4/20/1999 11:10:00 PM
From: john dodson	Read Replies (4) of 12559

That's the same bell I've been ringing. No buyout, no support at these levels -- pure and simple. Something's gotta give w/ earnings announce. Would be very strange indeed if quarterly/annual earnings report date comes and goes w/o any more info about merger. My fear is we'll get a "standard denial" if nothing concrete materializes by then. Only I think it if we get clear confirmation by FORE mgt of no merger, we'll drop a bit below $18.5 - $19. In fact, this FORE situation kinda reminds me of the CIEN situation. Both great companies with great technology. Both also strongly rumored to be on the verge of being taken out. CIEN traded up to near $30 before they not only did NOT get taken out, but they did the acquiring. Once it was clear that CIEN was not about to be acquired, it steadily traded down to $16+ before recovering. I think a similar fate is in store for FORE w/o a merger. -John

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