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Technology Stocks : PairGain Technologies
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To: Greg Thornton who wrote (26873)11/2/1998 6:39:00 PM
From: ENOTS   of 36349
 
PALO ALTO, Calif., Nov 2 (Reuters) - A sharp rise in the stock
of Pairgain Technologies Inc. Monday revived speculation that the telecommunications equipment
maker could become a takeover target.

Although no specific takeover rumors surfaced and the company said it knew of no reason for the
stock rise, analysts said they suspected the rebound in the stock market had put Pairgain in the
spotlight as a bargain purchase.

Pairgain closed Monday up 5-13/16 to 13-5/8, and was the second most actively traded issue on
Nasdaq. However, it remains well below its high for the year of 30.

Speculation that Pairgain could be a takeover target has circulated since June, when Ericsson said it
was holding acquisition talks with various data network equipment companies in the U.S.

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