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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: P2V who wrote (2994)	3/24/1999 12:33:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 5390

Ericsson rumoured close to Fore buyout By Mark Jones Telecommunications SYDNEY - Telecommunications giant Ericsson is rumoured to be close to acquiring backbone data networking specialist Fore Systems. Local Fore officials confirmed mounting industry suspicions the company is in play, reporting around 43 million of its shares have moved over the last few days. The company typically trades around one million shares a day. One senior Fore executive told Network World Today: "I'd say that the rumour has got a lot of substance to it." However, he doesn't believe the rumoured buyout will occur until early April. "If we start releasing our results a couple of days into April, then you'll know something's going on," he said. Ericsson officials did not respond to interview requests by this morning's deadline.