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


To: Trevor Goodchild who wrote (11948)4/15/1999 3:58:00 PM
From: Rich  Respond to of 12559
 
This may be a stupid question but I will prompt some quick answers from this...."can they possibly not beat the numbers again?"

Fore has burned investors so many times that we are all scared that Gill will make another jackass statement like we shipped all our ATM switches to my grandma's house this quarter so we did not see the revenue we were supposed to blah blah blah

But i really am going to try to stay positive here in that they inked a whole mess of deals and this supposed backlog HAS to have hit or we should have a shareholder revolt! I will calm down now....



To: Trevor Goodchild who wrote (11948)4/15/1999 8:18:00 PM
From: john dodson  Read Replies (2) | Respond to of 12559
 
Trevor,

RE: Why does everyone insist that the recent runup is entirely based on takeover rumors?

Well, I suppose that it is possible that hope of an upswing to earnings is driving some of FORE's gain. However, to the extent that that is happening, I really believe it is secondary to merger mania. Case in point, if FORE beats estimates by ___ (your favorite number here.) Say a nickel, but proclaims "we ain't for sale", what do you think FORE stock would do? $15 would be a whisper away, beating earnings or not.

Also, recall where FORE was before this merger mania struck. As I recall it had touched $12 and change before slowly oscillating between $13 and $14. Then up she went after the rumors swirled around and around. Coincidence? Maybe, but probably not says this FORE long.

Good luck,

-John