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

To: Igor Nasonov who wrote (8888)	7/15/1998 8:09:00 PM
From: Joseph A. Aboaf	Read Replies (1) \| Respond to of 12559

Nothing was said in the previous release... (see below). And MMCN (key supplier to Cisco) is at 31+ and Fore still at 26.... Joe FORE Systems and MMC Networks Announce Cross-Licensing of Key ATM Technology; Agreement Brings to an End FORE's Patent Infringement Suit Against MMC PR Newswire - July 01, 1998 17:15 PITTSBURGH, and SUNNYVALE, Calif., July 1 /PRNewswire/ -- FORE Systems, Inc. (Nasdaq: FORE), a global supplier of networking solutions based on an Intelligent Infrastructure(TM), and MMC Networks, Inc. (Nasdaq: MMCN), the leading supplier of network processors that provide breakthrough processing for building multi-gigabit wire-speed switches and routers, today announced that they have entered into a cross-licensing agreement to enhance their respective industry-leading positions in the asynchronous transfer mode (ATM) technology marketplace. The agreement also brings to closure FORE's impending legal action against MMC, which asserted that MMC was infringing upon several of FORE's patents and trade secrets. These patents enable high-performance traffic management on a per connection basis, also known as per VC (virtual connection) queuing. This functionality is absolutely essential to efficiently support traffic over a multiservice network. The two companies have made a commitment to make future technology enhancements to accelerate the widespread availability of high-performance ATM technology by cross-licensing current and future technology developments from one another. MMC is a key supplier of technology to companies such as Cisco Systems and Lucent Technologies. FORE Maintains Leader Position In separate studies, both The Dell'Oro Group (of Portola Valley, Calif.) and In-Stat (of Scottsdale, Ariz.) recently named FORE Systems as the worldwide market share leader in ATM campus backbones and in the ATM campus LAN switch market, respectively, for the first quarter of 1998. Both organizations also reported that FORE continues to widen its lead in those categories over all of its leading competitors. Earlier in the year, International Data Corporation (of Framingham, Mass.) named FORE as the market leader in ATM campus LAN switches for the fourth quarter of 1997. By establishing this relationship, FORE and MMC will continue to set the standard for high performance ATM switching and further expand their respective positions as vendors of choice for scalable high-performance networking solutions. "The agreement with MMC Networks further establishes our position as the leading source for advanced networking solutions using ATM technology," said Thomas J. Gill, president and CEO of FORE Systems. "We recognize FORE's leadership position in the ATM marketplace and we are pleased to initiate closer business relationships with FORE," commented Dr. Prabhat K. Dubey, president and CEO of MMC Networks. "Our mutual cross-licensing agreement will greatly enhance both companies' ability to bring quality products to market in a timely fashion." About MMC Networks MMC Networks is a leading provider of network processors -- high-performance, open-architecture, software-programmable processors optimized for networking applications. The company's network processors form the core silicon "engines" of LAN and WAN switches and routers and are designed to allow network equipment vendors to rapidly develop high-performance, feature-rich, cost-effective products supporting a broad range of networking functions. For more information on MMC Networks' products, call 408-731-1600 or visit mmcnet.com. About FORE Systems FORE Systems is a leading global supplier of networking solutions based on an Intelligent Infrastructure designed to handle the networked applications of today and tomorrow. FORE's Networks of Steel(TM) deliver the increased capacity, reduced complexity and unparalleled flexibility and scalability necessary to build networks that last. Thousands of enterprise and service provider customers worldwide have put FORE Systems' solutions at the heart of their networks.