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


To: Jeff Lins who wrote (11749)4/9/1999 6:17:00 PM
From: Tim Luke  Respond to of 12559
 
asnd..gone

xyln..gone

fore..the best networker left on the open market...IMO they are a hot commodity right now and can yield a nice premium for the company....mid 30's seems likely to me



To: Jeff Lins who wrote (11749)4/9/1999 6:30:00 PM
From: john dodson  Read Replies (1) | Respond to of 12559
 
It's interesting how so many react so strongly to a rumor that was clearly stated as such. Consider for a moment, that our fellow FORE investor really did hear this from his broker or friend or whomever. Certainly, it's worth hearing. It's not worth having a cow over, though.

Ever wonder that if it's such a done deal, why hasn't it closed by now? Why the delay? Hopefully the answer to both is that FORE mgt is negotiating us a "killer" price. Maybe, though, it's because the deal is not imminent, and maybe, just maybe might not happen just yet. Time will tell...

-John



To: Jeff Lins who wrote (11749)4/9/1999 6:40:00 PM
From: john dodson  Read Replies (2) | Respond to of 12559
 
Add another scenario, as long as we're talking hypotheticals:

D) Mgt knows they ought to sell @ $30 or whatever may have been offered, but they aren't happy with their fate after the merger, i.e. they don't want to be thrown out after the merger, or they want a specific position afterwards, or they didn't get a big enough golden parachute, ... Well, this becomes a deal breaker, and finally FORE mgt says "no". Sidenote: this is not that far from the realm of possibility, recall that it was rumored that David House, the former BAY CEO did exactly this when BAY was pressed by Nortel for a merger. I believe he ended up with some big V.P. job at Nortel AFTER BAY was bought out by Nortel.

Ericcson, or whoever the suitor is, is forced to reconsider their offer. Maybe they've had enough, and feel like FORE is not "playing ball", and decide to forget about it. Then again, maybe their opening bid was low, and they're willing to go up. Who knows. One thing's certain, time will tell.

-John