Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeff O'Brien who wrote (10088)	1/3/1999 9:54:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 12559

Fore Systems Rushes the Net In late September, when Fore Systems (FORE) tumbled from 20 to 9, money manager Steve Dalton was quick to act: He scooped up Fore shares, feeling certain that despite disappointing second-quarter earnings, the company would make a strong snapback. True enough, the stock has rebounded to 16. Dalton believes it is headed higher--to the upper 20s in 6 to 12 months. Fore, among other things, ''is an indirect way to play the strong Internet tide,'' says Dalton. Fore, which makes networking products based on asynchronous transfer mode (ATM) technology, ''has the best technology in such equipment,'' says Dalton, who heads First Capital Group, a division of First Union National Bank in Philadelphia. So far this year, First Capital's portfolio is up 38.5%, compared with a 26.4% gain for the Standard & Poor's 500-stock index. ''Demand for faster Internet access is prompting upgrades of switches and equipment among telecom companies,'' says Dalton. ''That bodes well for Fore, which makes some of the fastest ATM switches around.'' Megan Graham-Hackett at S&P also thinks Fore is ''well positioned for the Internet.'' It provides telecom companies with gear that will enhance the combination of voice and data communications on their networks. She says Fore's recent purchase of Berkeley Networks, which makes gigabit Ethernet switches, gives Fore a new entry in the small-to-midsize networking market. She figures Fore will earn 48 cents a share in the year ending Mar. 31, 1999, and 72 cents in fiscal 2000.