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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: whyretire who wrote (20347)	3/26/1999 9:41:00 PM
From: Tim Luke	Respond to of 90042

To: +CJ (11331 ) From: +Kenneth Plunk Friday, Mar 26 1999 9:36PM ET Reply # of 11332 Article Removed and Now Back - VERY Strange E-mail from idg which implies that the Fore Executive called them back after they published it and told them it was off the record. They removed the article yesterday, but now it is back on their web page. The rumor was reported by CNet, but it did not quote an "FORE EXECUTIVE." Subject: Re: Fore Systems Buyout Article Date: Thu, 25 Mar 1999 14:43:23 +1000 From: "Steve Ireland" <Steve_Ireland@idg.com.au> To: Kenplunk <kenplunk@nova-net.net> dear Kenplunk, turns out some of the comments had been made off the record, and the journalist misunderstood. So our guys removed the story. However, for your info, substantially the same rumour was reported last Sunday by US news service C\Net, as follows:- Fore shares trade hot on merger fever By Ben Heskett Staff Writer, CNET News.com March 22, 1999, 1:40 p.m. PT High-speed networking specialist Fore Systems appears to be caught in merger fever. Wireless giant Ericsson has been linked to the maker of data network switching equipment of late, largely a result of Fore's lagging sales and vulnerable position as a relatively small player in a market for networking equipment that is now dominated by multibillion-dollar giants. Fore experienced a noticeable spike in its trading volume last Friday, as shares jumped 2.5 to close at 17 on more than 28 million shares. That was followed by another busy day today, as the company's stock soared 10 percent to close at 18.6875 on more than 16 million shares. Ericsson has made it clear it intends to be one among a number of international telecommunications companies attempting to expand their role on the Internet by latching onto the data equipment market through acquisitions. Rumors continue to circulate that Ericsson turned its attention to Fore after being outbid for Redstone Communications last week by another technology giant, Siemens. Ericsson has been quiet, while the likes of Siemens and Alcatel have bolstered their presence in the data networking market in recent months. Ericsson executives have made no secret of their interest in data networking companies. "We certainly are looking," a spokeswoman said. A Fore spokesman declined comment on the acquisition rumors. Newbridge Networks has also been linked to Fore as possible suitor. Last month, Fore's shares fell 16 percent after the No. 7 networking-equipment maker said sales in the fourth quarter ending March 31 were lagging forecasts, prompting concern that earnings may fall short of consensus estimates. (Bloomberg contributed to this report.)