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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: MIKFREE who wrote (13869)	2/18/1999 10:21:00 PM
From: RGM	Respond to of 90042

In my opinion, It's nice if they are making money. FORE incurring a big loss to acquire "technology" just doesn't sit well with me. A small company like FORE should develop their technology internally. If they were a large cap corporation, it would be a different matter. I wonder if FORE's mgmt came from large corporations? I also think you should factor in Murphy's Law in post merger or acquisition expectations or forecasts. Concepts are lovely, but putting people together to achieve goals and objectives that were worked up by Wall Street and corporate staff types are usually not attained for the simply reason that these theorists have never had an experience at the field level to know what it really takes to achieve production and sales objectives. Therefore, quarterly eps expectations after a merger or acquisition may present an excellent opportunity for taking a short position. It all comes down to the quality of the company's management. This intangible is hard to qualify. Anybody else have any opinions on this subject? Rob