Pat, you were right I think, gg, ( don't Pat yourself in the back though, no pun intended, gg). I think it was another big, NN , misunderstanding and misinformation piece of news. Just like the UBsecurities deal 3 years ago ( remember?). Newbridge slowly coming back. I bought at the open this AM all my shares ( my stockbroker will be thanking me even from his grave, GG ; giant trading fees ; any way I don't mind sharing the wealth, help thy neighbour so to speak, in the Bill Clinton spirit ).
A N O T H E R NN buying opportunity!! NN fundamentals are solid.That's what we got to go back to.
Here is a sampling of FORE thread from yesterday: I don't think those guys had a clue what was going on as you can see. I am sure the whole thing will be cleared soon. Merrill Lynch as of this AM did not have this clarified yet in their screens!!! Here is why I think this thread performs a valuable service:( PS there is also a statement from FORE spokesman ).
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Here is a sample from the FORE thread. It doesn't look like they hit gold with the DT
announcement:
To: Ed Frye (7692 )
From: MetalTrader Thursday, Mar19 1998 7:25PM EST
Reply # of 7707
I've bought into my share of moribund companies over the years but then my experience in the tech sector isn't as great as most. You know the habits of the rust belt die hard.
While not a fan of the "the operation was a success...but the patient died" forecast that ed is proposing, I do think that Fore has become a company that doesn't quite know if its a boy or a girl.
Clearly its no momentum stock..you see more momentum from a sailboat in the sarragaso sea...but as a value stock its way overpriced. So unfortunately until we become one or the other it looks hard to justify an exciting price for those of us cast adrift in the longboat.
MT
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To: Ed Frye (7692 )
From: Igor Nasonov Thursday, Mar 19 1998 4:12PM EST
Reply # of 7707
17 months waiting, 12 cents gain, so in 11 years I'll accumulate
a whole dollar on Big Agreements announcements... :)
Happy Trading, Igor
To: MetalTrader (7688 )
From: Ed Frye Thursday, Mar 19 1998 12:56PM EST
Reply # of 7707
Hi MT
<hmm..<talk about watching paint dry....if this stock trades with any less <excitement it won't open.
LOL
<I love a good boring company as much as anyone...but a day long <spread of 1/4??? Is today a holiday I forgot about?
If you want excitement try the internet - HYBR, CNCX, PSIX, ITVU to name a few lesser knowns.
Re: FORE aka BORE
FORE was priced waaaay tooo high at 45 and is still richly priced at 15 (50:1 PE Ratio) given the competitiveness within sector among technologies and companies. Withess recent price reductions and GigE on the horizon. Also, FORE seems to be backing away from new carrier class products and focusi
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To: Ed Frye (7669 )
From: Igor Nasonov Wednesday, Mar 18 1998 7:38AM EST
Reply # of 7707
Despite the market hype created by Gigabit Ethernet...
MANILA, PHILIPPINES, 1998 MAR 17 -- By Joel D. Pinaroc, Metropolitan Computer Times.
Networking vendor Fore Systems [NASDAQ:FORE] says that, despite the
market hype created by Gigabit Ethernet, asynchronous transfer mode (ATM) "is still the way to go for corporate networks."
Michael Ladam, product line manager, Fore Systems, who was recently in the Philippines for a product launch, said that today's network's need an "intelligent infrastructure" that he claimed, only an ATM backbone can provide.
Ladam added that Ethernet-based technologies "will remain important at the edge" but ultimately, corporate networks will demand capabilities that only ATM can provide.
Ladam was referring to Gigabit Ethernet, which according to him, has yet to hurdle a number of technical and standards problems.
"The traditional networking technologies have evolved over time and they are being asked to do things they were never originally designed to do," Ladam said. "The demand is for bigger, faster, and more secure networks -- the things that Ethernet is evolving to accommodate but are already designed into ATM."
Ladam also noted that upgrade of existing Ethernet into Gigabit Ethernet requires substantial investment, without the quality of service (QoS) guarantee, that an ATM-based network can give.
Ladam pointed out that customers who may want to upgrade to Gigabit Ethernet will have to deal with numerous add-on network "solutions" that will inevitably require more investment.
"The rate of change for today's network is increasing," Ladam said. "Customers are finding it increasingly difficult to cope with change, and network costs are spiraling out of control," he added. Today, there are a lot of new applications, bigger and faster networks, better security, more moves, adds, and changes, affecting the network, he said.
Ladam stressed that, compared to Gigabit Ethernet, ATM solves "all the fundamental issues in networking" such as performance, scalability, reliability, management, and security, without the high cost.
Meanwhile, Fore also announced the availability of its latest product line of ATM products, including the Fore PowerHub 8000 multi-layer switch and the ForeThought 5.0 network software.
Fore's latest PowerHub 8000 multi-layer switch for Ethernet, Fast Ethernet, and FDDI (fiber distributed data interface) networks to ATM, is said to provide users scalability of up to 3.2 gigabits-per-second (Gbps) and throughput of over 1 million packets of data per second.
As a layer 3 ATM switch, the PowerHub 8000 will reportedly allow network managers to increase backbone bandwidth, eliminate single bottlenecks or points of failure, and boost network performance.
For the network software, Fore announced that its ForeThought 5.0, a sophisticated suite of networking applications, will allow large corporate networks the most advanced interoperability in multi-vendor networks.
The software will support both local area network (LAN) and wide area network (WAN) environments, as well as latest network technologies such as distributed LAN emulation and multi-peer group network implementation in an ATM backbone.
-0-
(19980317/Press Contact: Benjamin Tay, Fore Systems, tel +65-392-3673, fax
+65-392-5371, e-mail btay@fore.com)
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TA |
