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

To: Rich who wrote (10204)	1/19/1999 7:55:00 PM
From: puborectalis	Read Replies (2) \| Respond to of 12559

ore Meets Street In 1Q (01/19/99, 6:44 p.m. ET) By Kimberly Caisse, Computer Reseller News Fore Systems met Wall Street's expectations for its third quarter. For the three months ended Dec. 31, the Pittsburgh-based company posted a profit of $11.1 million, or 10 cents a share, up slightly from a net profit of $10.1 million for the same period a year ago. First Call's analyst estimate was 10 cents a share. For the quarter, Fore had revenue of $158.7 million, up 30 percent from $122.1 million in the year-ago quarter. Thomas Gill, president and CEO of Fore, credited robust sales of the company's core ATM switch, as well as strength in its overall business for the good quarter. Revenue from the core ATM switch grew by more than 150 percent over the second quarter. The ASX-4000, which began shipping last October, was the main driver of this growth, he said in a prepared statement. Fore finished trading on Tuesday up 4 5/16 at 21 1/8.

To: Rich who wrote (10204)	1/19/1999 11:03:00 PM
From: john dodson	Respond to of 12559

Re: we all expected to beat the numbers... Well, maybe not all of us. Actually maybe none of us expected to beat the numbers. Not one person made a rational case for beating the numbers. Simply having a backlog does not equate to beating numbers. Fore management had given no indication of sharply rising sales nor of sharply decreasing expenses for the quarter, so maybe most here were hoping to beat numbers rather than expecting to beat them! -John Dodson