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

To: VegasMan who wrote (8948)	7/23/1998 1:10:00 AM
From: Joseph A. Aboaf	Respond to of 12559

Yes... These guys will tell us to buy it when it reaches 40.... Joe

To: VegasMan who wrote (8948)	7/23/1998 8:41:00 AM
From: Igor Nasonov	Respond to of 12559

VegasMan - Thanks for the Article. FORE-bear-minded guys do not have current position in our stock, so they trash the company a little bit in order to justify their absence. I agree exiting in early of 1996 was wise, but after three sequential progressive Qs (now FOUR!!!) they missed huge move from 14 to 26 3/4 and hoping to enter again lower. I suspect at least one upgrade will be announced today!!! Happy Trading, Igor

To: VegasMan who wrote (8948)	7/23/1998 11:26:00 AM
From: Trevor Goodchild	Read Replies (3) \| Respond to of 12559

VM, Nice article. Is TSN Telescan? I'll admit that compared with CSCO, COMS and ASND, institutions seem to be getting into them more than FORE (see below) but I see that as a good thing. It just means that money is floating into the sector and will flow into FORE later after positions with the bigger equipment companies have been established. Instit. Ownership COMS CSCO ASND FORE % Shares Owned 61 67 59 48 # of Institutions 819 2031 471 187 Total Sh. Held(Mil) 216 697 114 48.5 3 Mo. Net Purch(Mil) 12.6 34.5 28.4 0 3 Mo. Sh. Purch(Mil) 72.2 111.5 63.7 21.5 3 Mo. Sh. Sold(Mil) 59.6 77 35.4 21.5 The industry average for comm eqipment is 50% institutional ownership so FORE is right in line. What's more important is that FORE's PE and margins are in line with the industry, while its P to Sales, P to CF and P to BV are all lower; it's quick and current ratios are better; its growth rates higher; and its market share in certain market niches increasing. These fundamentals will help bring institutions back. The article raises some very good issues about FORE, but instituional ownership shouldn't be one of them. The less ownership, the more likely FORE will be able to have a good run up. The more ownership, the more likely FORE is positioned for a quick fall. If FORE has moved up in the last three months without a net gain in ownership from institutions, that is a bullish sign. Those crater creators from the past will soon help create rocket ship FORE!