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Technology Stocks : PairGain Technologies

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To: Bosco who wrote (24006)	6/2/1998 6:02:00 PM
From: iceburg	Read Replies (1) of 36349

The reason PAIR commanded high P/Es was that it was thought that xSDL would be the technology of choice for the forseeable future and PAIR is the bellwether xSDL company. If Sprint's technology works as advertised, at the price advertised using ATM (the client would need some device to hook into), xDSL technology would have serious issues to face to remain competitive. I would be interested to hear PAIR's explaination why this sort of technology is not a long term threat. A P/E of 16 would be a good place for this stock to consolodate as PAIR's future is defined.

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