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

To: Apache Indian who wrote (10224)	1/20/1999 2:43:00 PM
From: JakeStraw	Respond to of 12559

BancBoston Robertson Stephens Adjusts Estimates on FORE Systems, Inc. SAN FRANCISCO, Jan. 20 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens managing director and networking and telecommunications analyst Paul Johnson today reiterated his Buy rating and adjusted estimates on FORE Systems, Inc. (Nasdaq: FORE - news). FORE Systems, headquartered in Warrendale, Pa., is a provider of ATM switches, LAN switches and network interface cards used by corporations to build high-speed broadband networks. ''We are reiterating our Buy rating to reflect the results in the December quarter, with third quarter earnings of $0.10 per share on revenues of $158.7 million in line with expectations,'' said Johnson. ''Revenues in the quarter increased 12 percent sequentially and were up 30 percent year-over-year.'' ''Given the results, we are adjusting our estimates, lowering estimates for fiscal year 1999 to reflect the slightly lower profitability in the December quarter, and raising our estimates modestly for fiscal 2000 to reflect higher 2000 revenue growth estimates,'' said Johnson. Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in ''Investment Risks.'' BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE: BancBoston Robertson Stephens