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

To: Igor Nasonov who wrote (8741)	6/11/1998 8:11:00 AM
From: TFG	Read Replies (2) \| Respond to of 12559

From Briefing.com Telecommunications Equipment Brief: Group exhibited impressive relative strength, as only Qualcomm, ADC Telecom and At Home posted losses of more than one point... Nortel even bucked the bearish trend, eking out a gain of 1/8... Felt compelled to report something positive... In the news, Nippon Telephone & Telegraph selected Lucent to provide passive optical networking technology for the NT access network throughout Japan... Lucent also announced a new optical fiber, called True Wave RS... Company claims product leapfrogs capabilities of any fiber in the long-distance marketplace today... Nortel CEO noted that company may buy a number of small networking firms, as smaller companies are easier to integrate (Cisco model)... Does this eliminate Bay?... Also suggested that firm wasn't interested in adding company with strong ATM presence... Would suggest that FORE and Ascend are unlikely candidates... Each of the networkers have rallied in recent weeks amid speculation that Nortel was interested... If company seeks smaller private or public firms, ASND, FORE and BAY could drop by 10% or more as takeover premium contracts.