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

To: john dodson who wrote (9826)	11/29/1998 10:41:00 PM
From: jach	Read Replies (1) \| Respond to of 12559

FORE SYSTEMS CONTINUES ATM MARKET LEADERSHIP FORE Leads the Way in ATM Revenue for Second Quarter of 1998 and First Half of 1998 According to Industry Research Firms FORE Systems' Contacts: Rich Borden/Jim Blew Public Relations Manager Phone: 724 742-7716 Fax: 724 742-7742 Email: rborden@fore.com/jblew@fore.com Pittsburgh, PA - August 18, 1998 - FORE Systems, Inc. (NASDAQ: FORE), a global supplier of networking solutions based on an Intelligent InfrastructureTM, today announced that, according to recent industry studies, FORE continued its position as the worldwide leader in ATM (asynchronous transfer mode) local area network (LAN) switch revenues for both the second quarter (Q2) of 1998 and the first half (H1) of 1998. The research studies were published separately by the Dell'Oro Group of Portola Valley, California, and by In-Stat, of Scottsdale, Arizona. "Over the last four quarters, FORE Systems' ATM sales have totalled $224 million versus $171 million and $144 million for the next closest competitors," commented Tam Dell'Oro, president of the Dell'Oro Group. "FORE's ATM sales revenue has increased 183% year-over-year, versus 50% and 15% for the next closest competitors. Furthermore, over 80% of FORE's ATM sales are deployed in corporate backbones while the bulk of their competitors' products are deployed in data-center or aggregation applications." According to the study published by the Dell'Oro Group, FORE Systems holds a 23.9 percent share of ATM LAN switch revenues for Q2 1998. The In-Stat study yielded similar results, with FORE owning 30.1 percent of revenue in the same period. FORE maintained its leadership in revenue share figures for H1 1998 as well, with the Dell'Oro Group reporting FORE's share at 25.9 percent of ATM LAN switch revenues and In-Stat reporting 31.2 percent. "We are very pleased to maintain and extend our leadership position in the ATM marketplace," added Thomas J. Gill, president and CEO of FORE Systems. "We are seeing more and more customers relying on our ATM products to provide a flexible, scalable and resilient foundation for building their networks. These independent reports continue to confirm our leadership position." In recent months, FORE Systems has announced new enterprise customers including Prudential, Dr Pepper/Seven-Up and Unisys Worldwide Telecommunications; and new service provider customers such as Level 3 Communications and Time Warner Communications. "Within corporate network backbones which are ATM based, FORE Systems' technology dominates that of all other ATM solution providers," added Dell'Oro. "FORE Systems is in an excellent position to extend their strong brand in the enterprise market into the burgeoning carrier and service provider markets."