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


To: Billy who wrote (11269)3/24/1999 4:22:00 PM
From: thebeach  Respond to of 12559
 
Remember LU could have bought ASND for a song also.Companies change from year to year and if anyone wants Fore for 26 then they better act soon.



To: Billy who wrote (11269)3/24/1999 4:23:00 PM
From: Dave  Read Replies (1) | Respond to of 12559
 
<<Why would any Co. buy FORE now at a premium when they could have picked it up last year at an average price of 15? >>

The point is they didn't and now it's worth more. Making that point is like asking why would I buy a stock today at $10 when it was $5 last year. Well if the fundamentals are good and I think the stock will provide me with a value (ie growth), then I have to consider paying it. The past is the past.



To: Billy who wrote (11269)3/24/1999 4:37:00 PM
From: Riskmgmt  Read Replies (2) | Respond to of 12559
 
Re: $25 is a stretch.

Take a look at this.http://www.tradepbs.com/pbscgi/hstqtetd

XYLN traded @ $16-17 about 60 days before the $37 buy out offer was made.

Investors have bought FORE for up to $26 in the last 9 months and some have paid more than that if you go back a couple of years. I don't think the management will sell for under $30. I don't know that they would be assured stockholders approval under $35.

IMHO.

Ray



To: Billy who wrote (11269)3/24/1999 6:08:00 PM
From: WTSherman  Respond to of 12559
 
<Why would any Co. buy FORE now at a premium when they could have picked it up last year at an average price of 15?< This was the average price over the last year, not a price that FORE could ever have been taken over at. XYLN's average price over the past year was about $19, but, they were bought out for $37. This is almost always the case in acquisitions, unless the company being bought is on its last legs...