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Technology Stocks : PairGain Technologies

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To: bill c. who wrote (36058)	2/23/2000 7:46:00 PM
From: helkel	Read Replies (2) of 36349

Interesting bits from Bloomberg "'PairGain has been a troubled company, but the price ADC is giving is fair,' W.R. Hambrecht & Co. analyst Tim Savageaux said. ADC expects revenue to rise by 25 percent to 30 percent in fiscal 2000 and per-share earnings to climb at a faster rate. It plans to complete the purchase by July 31. The acquisition won't affect ADC's fiscal 2000 earnings, and will add about 5 cents a share in the next fiscal year, spokesman Rob Clark said. ADC said it's too soon to say how the agreement will affect PairGain's 700 employees. ADC has 14,400 workers worldwide. Talks between ADC and PairGain began several weeks ago and continued until early this morning, Cadogan said. No wonder price has held steady in light of no news since CC. Still troubled in my mind. They should have let Hoke break the story !!!! HK

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