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

To: Bruce L who wrote (10256)	1/21/1999 4:13:00 PM
From: Alex Raytselsky	Respond to of 12559

> Alex: FORE has been hurt technically in the last few days - more > > than I expected yesterday when I bought some more. That said, FWIW >I would look for an entry ~16. Bruce, Good for you!

To: Bruce L who wrote (10256)	1/21/1999 7:59:00 PM
From: w2j2	Read Replies (1) \| Respond to of 12559

Fore held up relatively well today. Interesting note on potential partner: PARIS -(Dow Jones)- In an effort to expand its global reach, French telecommunications-equipment maker Alcatel SA Thursday said it is talking with several small to midsize U.S. companies about possible acquisitions. But Chairman Serge Tchuruk, who has come under fire for the company's recent performance, said his company would avoid a deal the size of Lucent Technologies Inc.'s estimated $20 billion buyout offer for Ascend Communications Inc., a maker of high-speed networking gear. Alcatel (ALA) earlier this week quashed fresh rumors that Tchuruk was stepping down. Thursday, Tchuruk said he believes Lucent's acquisition of Ascend is fraught with risk, mainly that top talent often leaves a company once a takeover is completed. To illustrate that point, Tchuruk said while the going rate in the industry for acquisitions of start-up telecom companies was $3-$4 million per engineer, Lucent paid what amounts to $15 million for each Ascend engineer. But by no means is Ascend considered a start-up. Alcatel is willing to pay for talent, but on a smaller scale to minimize the risk of departures following the completion of an acquisition, he said. "Our strategy is one centered on the U.S. market, because that happens to be where all the advances in our sector are being made and where the Internet is used the most," he said. "And it's one centered on acquisitions." Alcatel demonstrated its willingness to invest in the U.S. last year, with its acquisition of Texas-based DSC Communications Corp. for $4.4 billion in stock. That one purchase doubled Alcatel's size in the U.S. market. France's once-struggling trains-to-telecommunications conglomerate has been trying to reinvent itself as a high-tech company. It sold off loads of businesses and is expanding its satellite operations. But the company continues to be under a cloud after it surprised shareholders with a profit warning after reporting poor first-half results Sept. 17. The company had said its 1998 operating profit would fall about 1.5 billion francs ($264 million) short of estimates because of canceled equipment orders from big telephone operators and a deepening of the Asian and Russian economic crises.