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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (849)4/26/1999 11:14:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 3256
 
Article developing - GE to buy FORE Systems for $4.5 Billion:

biz.yahoo.com

-

FORE Systems:

quote.yahoo.com

FORE Systems, Inc. designs, develops, manufactures and sells high performance networking products based on Asynchronous Transfer Mode (ATM) technology. For the nine months ended 12/98, revenues rose 36% to $444.2 million. Net loss totaled $168 million, vs. an income of $22 million. Revenues reflect increased market acceptance of ATM and LAN switching products. Net loss reflects the allocation of $199.3 million purchased R&D in connection with the acquisition of Berkeley
Networks.



To: Wally Mastroly who wrote (849)5/17/1999 12:29:00 PM
From: wbASSETt  Read Replies (1) | Respond to of 3256
 
E-commerce play involving GE - MSGI - GE holds 25 % of this marketing company along with CMGI (@ 10 -15%) . The new President of MSGI was handpicked by CMGI to run MSGI starting yesterday.
MSGI intents to mimic CMGI and acquire it's way to stardom.
MSGI has shot up in the past month, but has long legs. 100 is not out of reach before the end of the year.
imho wbASSETt


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