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

To: CJ who wrote (10586)	2/27/1999 6:30:00 PM
From: Tavros	Read Replies (1) \| Respond to of 12559

CJ, I appreciated your sane message in the cacophony of internet posting be that hype, excessive pessimism, greed, hidden agendas, naivity, etc, etc. I also agree with your views as well, and if if your patience permits, I will add my perspective as well. 1. I would like to start by say that I am still in this stock, having been in since almost the beginning. I hold a core position and have traded the stock a few times, taking advantage of the moronity of the some of the so-called "investors". 2. Having said that, I am amazed how this company with such a great great technology and lead times (3/4 years ago), managed to screw things up that badly. A clear testimony that management failed to capture the strategic advantage they had, and translate it to market share. Because, in today's tech environment, the concept of "increasing returns" os scale applies. That, the higher your market share, the more your ability to dictate standards, pricing and etc, etc. On the top of that, they failed to maximize value for the shareholders by not selling the company. The recent, amateurish management of public relations during which the stock sank to low tens on a couple of occassions, for no real reason, except that investors are nervous with management and react like a kneejerk everytime there is an annoucement. So, critisism of the management is valid and justified!!! and if they rewad this message they better watch out!!!too many people, including myself, are getting fed up with their amateurish behavior!!! 2. Despite that, in my view FORE is still in the running and has still a good chance to deliver some very attractive returns to shareholders, if management plays its cards right. A buyout at this point makes no sense, unless it comes at a price at least twice the current levels. Although this may be possible (still, there are a number of players looking for ATM presence), I do no think it will happen in the short-term. So, in this respect, management is doing the right thing, that is, it is trying to enhance the value of its technology and franchise. Viewed within this framework, the Euristix acquisition is a very good move. They buy new complementary technology, engineering talent that is hard to come by, and a great client list. 3. Management needs to hanker down, establish credibility with the investment community by underpromising, overdelivering and stop confusing and surprising the market place. It is that simple!!! Everything else will fall in place if they follow the above. They have the product, the should continue to talk to clients, and stop all the other nonsenses!!! My 5 cents Tavros