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Technology Stocks : PairGain Technologies
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To: margin_man who wrote (23850)5/30/1998 2:12:00 PM
From: john p. carney  Read Replies (5) of 36349
 
<I may buy in APM for a technical bounce here.
What do you think?>

I think you may see a bounce in APM due to short covering, but in my opinion APM is headed for bankruptcy court. They have practically no product or customers anymore. The best one could hope for here is RDRT, IBM or one of the Japanese players putting them out of their misery. But then again with areal density of heads enabling cheap 6+ gig drives and a slowdown in the drive sector, manufacturing capacity isn't as critical as it was a year or two ago. Personally, Patriot I would stay away.

John
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