Fore Systems Inc saw its share price tumble 34% to $5.62 after warning that second quarter results will fall short of Wall Street?s expectations. Joining Alcatel SA and Nortel, both of which issued revenue and profit warnings, the ATM networking supplier said revenues would come in at $141 million to $143 million; net income should be $9.3 million to $10.9 million. At nine to 10 cents a share, Fore is significantly below analysts? expectation of 14 cents.
Tuomo Suntola's ALD technology extended Moore's Law, but was only adopted by chip-makers in 2007
Trump proposes a $1.3bn fine and a round of firings to un-bork ZTE
Findings could mean new optical frequencies to transmit more data along optical cables
Findings made by reconstructing its orbit by numerical simulation