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

To: Tim Luke who wrote (11648)	4/7/1999 6:52:00 PM
From: Captain Jack	Respond to of 12559

I like this part--- Looking to Buy Officials at Ericsson have said the company is looking to buy a networking company. The No. 3 cellular-phone maker wants to add networking products to keep pace with rivals Siemens AG and Alcatel SA, which have been on buying sprees to acquire Internet gear as sales of traditional phone equipment slow. Buying Fore would give Stockholm-based Ericsson U.S. customers as well as so-called asynchronous transfer mode, or ATM, switches used to combine voice and data on phone networks, Silva said. On Sunday, three London newspapers reported that General Electric Co. Plc, one of the U.K.'s biggest manufacturers, was in talks to buy one or two telecommunications-equipment makers. The Sunday Times, Sunday Telegraph and Sunday Business all said the company will pay more than $1.6 billion for a U.S data-networking company. A spokesman from Fore, which has a market capitalization of $2.54 billion, declined to comment, citing company policy. Aside from Cisco, No. 2 networking company 3Com Corp. and No. 4 Cabletron Systems Inc., all of which are many times larger than Fore, Fore is among the last of the independent networking- equipment makers.