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Technology Stocks : ADTRAN !?!

ADTN 8.800

-0.3%

Jan 9 9:30 AM EST

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To: Sam Armstrong who wrote (549)	10/9/1997 10:03:00 AM
From: linda	of 766

The following is taken from DBC online: After the market closed, PairGain Technologies reported third-quarter net of 16 cents per share, beating the Zacks Research consensus by a cent. The report follows the upside surprise registered by Tellabs early in the week, news that sent networkers surging. Soundview Financial Group analyst Chandan Sarkar said Pairgain's positive quarter can be attributed to increased orders for its PG-Flex product, rather than its core High-Speed Digital Subscriber Line, or HDSL, which allows fast data transmission over copper wires. "Their older HDSL stuff ... is under some competitive pressures. And I think Adtran in particular has made some inroads against them." Sarkar, who has a "buy" on the stock, called Pairgain's 16-cent earnings figure on the dot.

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