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In page FORE Systems:

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GEC acquired FORE on April 26, 1999, near the peak of the dot-com bubble. The £2.8bn (US$4.5bn) ($7.1 billion today) price tag for FORE Systems (and the £1.3n spent on Reltec a month earlier) took a heavy toll on Marconi following the “burst of the dot-com bubble” in 2000/2001. In July 2001 Marconi plc suffered a 54% drop in its share price following suspension of trading of its shares, a profits warning and redundancies. The company survived following a relaunch as Marconi Corporation plc in a debt-for-equity swap whereby the firm’s creditors received 99.5% of the new company’s shares.