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


To: pae who wrote (9134)9/14/1998 5:55:00 PM
From: Stephen  Read Replies (1) | Respond to of 12559
 
Though Lucent have recently said they are comfortable with earnings projections for this qtr, the stock was weak today, some have suggested because of Tellabs warning. If they feel that the stock price may deteriorate (because of next qtr projections or the market), then any possible acquisition must be questionable at this time. Ascend is starting to look expensive given the downward market, and FORE is more likely than Ascend to be dilutive, and doesn't have the same, and some would say, desirable attributes. Given that the networkers seem to have a takeover premium already built in, it may well be that the smart money is taking some profit off the table. I know I would !!. All IMHO

Glad to see FORE's come back so well from the unjustified tanning... too bad I didn't buy any :{

Good luck all

Stephen