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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: exhon2004 who wrote (80152)	4/27/1999 2:36:00 AM
From: Process Boy	Respond to of 186894

greg and Thread - Motleyfool blurb with Intel mentioned Mentions strategic alliance with FORE systems, which is to be acquired by General Electric Co. PLC (GEC). The Motley Fool's Market Movers (Heroes) The Motley Fool - April 26, 1999 18:33 April 26, 1999/FOOLWIRE/ -- The British are coming! The British are coming! That was the phrase ringing out in the U.S. networking industry today after high-end asynchronous transfer mode (ATM) and Internet Protocol (IP) switches maker FORE Systems (Nasdaq: FORE) ended months of merger speculation and agreed to be acquired by British industrial conglomerate-cum-networking company General Electric Co. PLC (GEC) for $4.5 billion in cash. FORE was launched $9 1/4 to $33 3/4 by the news. Prior to its acquisition of Cleveland-based local-loop broadband technologies firm RELTEC Corp. earlier this year, GEC only derived about 3% of its $3 billion in annual sales from North America. That will soon change, considering FORE's client list includes such U.S. telecom carrier biggies as MCI WorldCom and GTE. Relying on FORE and its Marconi optical networking unit for future growth, GEC is making a major strategic shift into the enterprise data networking market -- much like chipmaker Intel (Nasdaq: INTC), which just happens to have a year-old enterprise ATM/Ethernet development agreement with FORE.