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Technology Stocks : FORE Inc.

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To: Trevor Goodchild who wrote (12426)	5/19/1999 10:28:00 PM
From: John F. Dowd	Read Replies (1) of 12559

Trevor: Cash carries a tax burden whereas a stock swap does not. Also if the options result in a reduced price for the shareholders at large because now the pie that is being bought has been divided into more pieces than when it was originally offered for sale then harm has been done to the shareholders who expect the BOD's to act in a fiduciary manner on behalf of all shareholders. Additionaly if it passed on a better offer because insiders were accomodated in the lesser offer then this again is a breach of fiduciary responsibility. JFD

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