Ericsson overlook? Message Board

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Technology Stocks : Ericsson overlook?

ERIC 9.550

+0.5%

10:56 AM EST

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To: P2V who wrote (3178)	4/27/1999 6:28:00 AM
From: Mika Kukkanen	Read Replies (1) of 5390

(OT) Mardy, some time back we discussed FORE as a good candidate. Unfortunately GEC in the UK is making a come back from the dead (last year they bought back GPT -which was and still is crap-, but they may eventually do something with this acquisition): *** GEC to buy Fore for $4.5 bln LONDON (Reuters) - Britain's General Electric Co. Plc said Monday it has agreed to buy Fore Systems Inc. at a price of $35 a share, valuing the U.S. information technology equipment maker at $4.5 billion. General Electric said the price represents a premium of 43% over Fore's Friday closing share price. GEC said it plans to finance the deal with cash resources and bank facilities and that the acquisition will be broadly neutral in the year to March 31, 2000. See infobeat.com

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