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Technology Stocks : FORE Inc.

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To: Trevor Goodchild who wrote (12135)4/22/1999 11:55:00 PM
From: WTSherman  Read Replies (3) of 12559
 
<I guess when you expect .17 (.04 above any professional analyst tracking FORE), just beating the numbers is a big letdown. accordingly<

Professional analyst is an oxymoron!! Bottom line with FORE is that the Q's results would have been very encouraging at $15, but, at $24 they're certainly not going to move the stock higher. BTW, for FORE to reach $1B in revenues this year it would require a growth rate of about 50% which is way above what they've been doing... A fair price for FORE is somewhere around 5x trailing revenues. This would make the buyout price about $30. More than that seems very unlikely given their earnings.
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