Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elmer Flugum who wrote (12431)	5/18/1999 11:00:00 PM
From: schlep	Read Replies (1) \| Respond to of 12559

I came home today to find a message on my answering machine from someone representing GEC's BOD and asked me to call them back. I suppose it is about me tendering my shares. Anyone else get a call like this (no it was not a hoax.) -schlep

To: Elmer Flugum who wrote (12431)	5/19/1999 11:50:00 AM
From: Sibaris	Read Replies (1) \| Respond to of 12559

Len, Here it is, taken from the Technology Briefs of WSJ today's edition: ============================= Shareholder Sues Fore Systems A Fore Systems Inc. shareholder sued the Warrendale, Pa., maker of Internet-switching equipment and its directors, accusing them of the "improper" granting of stock options to seven senior executives while the company was in discussions with Britain's General Electric Co. PLC about being acquired. GEC on April 26 announced a $35-a-share offer for Fore Systems. In its lawsuit, which seeks class-action status, Colorado partnership Harbor Finance Partners said that the stock-option awards approved after talks with GEC began in March "are the results of breaches of fiduciary duty" by the board, "including the duty of loyalty." The option grants were the subject of a Wall Street Journal article on Friday (see article). A Fore Systems spokesman said the company "believes the suit to be completely without merit and intends to defend against it vigorously."