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

To: polarisnh who wrote (11939)	4/15/1999 11:10:00 AM
From: jas cooper	Respond to of 12559

Good post, Steven! I much prefer to hear a seat-of-the-pants opinion from someone, than the constant drone of some Bizarro world broken record. His refusal to provide any background for his incessent posts, now littering the COMS thread as well, only proves he has none. Let's hope ol' FORE gets married off before anyone sees the bald spot. jas.

To: polarisnh who wrote (11939)	4/15/1999 12:07:00 PM
From: Joeys	Read Replies (2) \| Respond to of 12559

Steven You hit the nail on the head with your statement. Buyout or drop to $15. Joe

To: polarisnh who wrote (11939)	4/15/1999 2:59:00 PM
From: jach	Read Replies (2) \| Respond to of 12559

<I really don't think that you bring much to the the table as far as technology know how. Am I wrong?> why ? and who knows, we haven't even selected a topic to talk yet. Pick one of your choice in your area of expertise. What a good sport.

To: polarisnh who wrote (11939)	4/16/1999 11:12:00 AM
From: polarisnh	Respond to of 12559

I 'borrowed' this from The Raging Bull: Portion of Dow Jones analyst report on Computer-Networking companies: "Companies like Fore Systems Inc. (FORE) that primarily focus on the business - or enterprise - market are more vulnerable to that segment's inability to sustain the stellar growth rates it achieved in the earlier part of the decade. That is part of the pressure facing both 3Com Corp. (COMS) and Cabletron Systems Inc. (CS), which, with quarters that ended in February, already reported lackluster results." and: "Fore Systems has been less successful in moving into the carrier market. The company, which is best known for its strength in a special kind of packet-switching technology - asynchronous transfer mode - is heavily dependent on the enterprise market for its revenue and that puts it at a disadvantage, Schopick said. Fore "must reach beyond ATM and Ethernet (local area network) switching," Schopick said. "The biggest challenge is to develop its presence in the carrier market." It may be difficult for Fore Systems to meet those challenges, however, given the competition from Cisco and a management team that has been inconsistent in execution, Schopick said. Many industry watchers expect that those issues will be resolved by a takeover. In the wake of a wave of consolidation in the industry, Fore Systems is one of few major publicly traded computer-networking companies left. Xylan Corp. recently was acquired by Alcatel S.A. (ALA), Bay Networks was acquired by Northern Telecom Ltd. (NT) last year, and Ascend will become part of Lucent Technologies Inc. (LU) later this year if a planned deal goes through. With a number of telecommunications companies eying the assets of computer-networking companies, industry watchers say Fore Systems could be the next computer-networking company to be bought. Meanwhile, Schopick expects Fore Systems will report revenue in the range of $170 million to $175 million and earnings of 12 cents a share, before extraordinary items. The First Call mean estimate is 11 cents. In the year-ago fiscal fourth quarter, the company earned 13 cents a share on $131 million in revenue. By contrast, Ascend derives 90% of its revenue from sales to telecommunications carriers. As such, it is seeing strong growth in its business. Sagawa expects the company to report first-quarter earnings of 38 cents a share - two cents above the First Call mean estimate - on $515 million in revenue. A year earlier, Ascend earned 26 cents a share on $305 million in revenue." BTW: "Schopick" in the article is Andy Schopick, an analyst with Nutmeg Securities.