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

To: DiB who wrote (9434)	10/15/1998 4:41:00 PM
From: Spartex	Read Replies (1) \| Respond to of 12559

FORE Systems, Inc. Announces Second Quarter Financial Results biz.yahoo.com Thursday October 15, 4:18 pm Eastern Time PITTSBURGH, Oct. 15 /PRNewswire/ -- FORE Systems, Inc. (Nasdaq: FORE - news) today announced final financial results for its fiscal second quarter ended September 30, 1998. Revenue for the second quarter of fiscal 1999 totaled $141.8 million, or an increase of 29% over revenue of $109.7 millionreported in the previous year's fiscal second quarter. Net income and diluted earnings per share, excluding purchased research and development costs and restructuring charges relating to the September 1998 acquisition of Berkeley Networks, Inc., were $9.4 million and $.09 per diluted share, respectively, an increase of 35% from the $7.0 million and $.07 per diluted share reported during the previous year's fiscal second quarter. After including the purchased research and development costs and restructuring charges related to the acquisition of Berkeley Networks, FORE posted a second quarter loss of $193.6 million or $1.88 per diluted share.

To: DiB who wrote (9434)	10/15/1998 10:56:00 PM
From: Feraldo	Respond to of 12559

I remember when CSCO was the bad boy on the street (still is) back in 1994. They had a similar pattern to FORE's current stock pattern. They gapped down like FORE, and you could have bought them at 18 then. It would have taken less than a quarter to double your money. Earnings and sales were less than spectacular, though. I bought them with play money in a stock game at school (currently I am second in the state). I would say we cover that gap in three days or less on the up side, or we gap down again tomorrow. Either way it'll be a radical move after the volume today.