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Technology Stocks : FORE Inc.

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To: john dodson who wrote (12045)	4/21/1999 12:36:00 PM
From: Trevor Goodchild	Read Replies (2) of 12559

CIEN situation was completely different. They had a confirmed buyer, not just a rumor. They traded up based on the confirmed offer. They traded down because the acquirer backed out. The acquirer backed out because of the e-mail incident and because CIEN's biggest client, representing half of their sales, decided to go in another direction. The analogy only applies to FORE if the takeout offer is $50, FORE trades up to $47, then drops back to $25 after the buyer changes their mind. There is no time dependency on this acquisition run-up, if indeed this run-up is based on an acquisition. I don't think a sale of FORE is seller-driven so any standard denial would not be indicative of whether or not FORE would be sold. All the interest in FORE is from the buyer-driven side. The last tech company I worked for received unsolicited buy offers (plural) on a weekly basis. After they announced they were indeed for sale, the offers came out of the woodwork.

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