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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?


To: sam song who wrote (8660)5/29/1998 6:57:00 PM
From: Glenn D. Rudolph  Respond to of 12559
 
RESEARCH ALERT - Xylan , FORE

Reuters Story - May 29, 1998 09:37
%DPR %BUS %US %HOT %RCH XYLN FORE V%REUTER P%RTR

NEW YORK, May 29 (Reuters) - UBS Securities said analyst
Scott Heritage initiated coverage of Xylan Corp. with a buy
rating, with a $33 price target.
-- started FORE Systems Inc. with a hold rating.
-- said Xylan has almost five percent share in the modular
local area network switch market and believes the company has
an opportunity to take share in the modular switch market.
-- said FORE shares are close to being fully valued given
UBS's longer-term growth rate estimate of 25 to 30 percent.
-- Xylan was up 5/8 at 24-7/8 and FORE eased 3/8 to
22-7/16.