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


To: Elmer Flugum who wrote (9436)10/15/1998 4:56:00 PM
From: jas cooper  Read Replies (1) | Respond to of 12559
 
This was from the preannouncement:



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,



To: Elmer Flugum who wrote (9436)10/17/1998 12:57:00 AM
From: Joseph A. Aboaf  Respond to of 12559
 
From "Streetbeat"
Computer Networking

Fore Systems (FORE +1 9/16) Never a better time to report disappointing earnings news that in the
wake of a Fed rate cut... At least FORE got that part right... Company earned $0.09 for the quarter, one
to two cents below street estimates... Product transition problems behind shortfall... However, on the
plus side revenues were strong and company is in decent position to recapture earnings momentum
in the quarters to come.