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Technology Stocks : FORE Inc.
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To: Bob Williamson who wrote (12110)4/22/1999 5:37:00 PM
From: jas cooper  Read Replies (2) of 12559
 
This is bound to be well received:

The unusual charges in fiscal 1999 included $199.3 million of purchased research and development incurred in connection with the Company's acquisition of Berkeley Networks in September 1998 and a restructuring charge which related to that acquisition. The Securities and Exchange Commission has questioned these write-offs, and the financial results for the year ended March 31, 1999 and for the quarters ended September 30 and December 31, 1998 may be restated as a result of the Company's discussions with the Commission. Any such restatement would increase goodwill and intangibles and result in charges against the Company's earnings in future periods which would likely have a material adverse effect on the Company's results of operations in such future periods.

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