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

To: jach who wrote (9183)	10/1/1998 8:36:00 AM
From: Neil H	Read Replies (1) \| Respond to of 12559

Thursday October 1, 8:11 am Eastern Time Company Press Release SOURCE: FORE Systems, Inc. FORE Systems, Inc. Announces Preliminary Second Quarter Financial Results PITTSBURGH, Oct. 1 /PRNewswire/ -- FORE Systems, Inc. (Nasdaq: FORE - news) today announced preliminary financial results for its second fiscal quarter ending September 30, 1998. Revenue for the second quarter of fiscal 1999, based on a preliminary analysis, will be between $141 million and $143 million, compared to last year's second quarter revenue of $109.7 million. Net income is expected to be between $9.3 million and $10.9 million and earnings per diluted share is expected to be between $.09 and $.10, as compared to net income of $7.0 million and earnings per diluted share of $0.07 reported in the second quarter of fiscal 1998. This preliminary net income estimate does not include the write-off of purchased in-process research and development expenses and the related restructuring charges associated with the acquisition of Berkeley Networks announced during the quarter. Once included, the net loss for the quarter is expected to be between $1.70 and $1.90 per diluted share. Commenting on the preliminary results for the second fiscal quarter, Thomas J. Gill, FORE's President and CEO, said, ''Although bookings are at record levels and well ahead of industry growth rates, we are disappointed that revenues are below analysts' expectations. We still remain encouraged by the growth opportunity for our high-end switching solutions in both enterprise and service provider networks.'' FORE's second quarter results were affected by several factors relating to new product transition issues including higher than anticipated demand and customer delivery schedules. Another factor affecting the quarterly results was that the volume of orders received during the final days of the quarter was far in excess of manufacturing capacity to process orders for revenue. Gill further stated, ''While these factors affected revenue recognized this quarter, strong bookings and continued new product introductions will fuel our long-term growth opportunity.'' Final financial results for FORE's second fiscal quarter ending September 30, 1998 are expected to be released on October 15, 1998. Copyright 1998 FORE Systems, Inc. All rights reserved. FORE Systems is a registered trademark of FORE Systems, Inc. Intelligent Infrastructure and Networks of Steel are trademarks of FORE Systems, Inc. All other brand or product names are trademarks of their respective holders. SOURCE: FORE Systems, Inc. Regards Neil

To: jach who wrote (9183)	10/1/1998 8:38:00 AM
From: sam	Read Replies (1) \| Respond to of 12559

biz.yahoo.com

To: jach who wrote (9183)	10/1/1998 8:52:00 AM
From: jach	Read Replies (1) \| Respond to of 12559

Revenue for the second quarter of fiscal 1999, based on a preliminary analysis, will be between $141 million and $143 million, compared to last year's second quarter revenue of $109.7 million. Net income is expected to be between $9.3 million and $10.9 million and earnings per diluted share is expected to be between $.09 and $.10, as compared to net income of $7.0 million and earnings per diluted share of $0.07 reported in the second quarter of fiscal 1998. This preliminary net income estimate does not include the write-off of purchased in-process research and development expenses and the related restructuring charges associated with the acquisition of Berkeley Networks announced during the quarter. Once included, the net loss for the quarter is expected to be between $1.70 and $1.90 per diluted share. Commenting on the preliminary results for the second fiscal quarter, Thomas J. Gill, FORE's President and CEO, said, ''Although bookings are at record levels and well ahead of industry growth rates, we are disappointed that revenues are below analysts' expectations. We still remain encouraged by the growth opportunity for our high-end switching solutions in both enterprise and service provider networks.' -------------------------- although not meting expectations, the result is quite good compared to yr ago, 35% growth for revenue and profit Also, record bookings which will be good for next qtr If FORE drops substantially it'll be great buying opportunity